Commerce Bank Has $16.70 Million Holdings in Worldpay Inc (WP)

Commerce Bank lowered its position in Worldpay Inc (NYSE:WP) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,901 shares of the business services provider’s stock after selling 1,004 shares during the quarter. Commerce Bank owned about 0.05% of Worldpay worth $16,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Worldpay by 3.1% in the second quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock worth $1,291,011,000 after purchasing an additional 474,679 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Worldpay by 0.6% in the second quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock worth $854,208,000 after purchasing an additional 65,400 shares during the period. Flossbach Von Storch AG increased its holdings in shares of Worldpay by 13.8% in the second quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock worth $532,195,000 after purchasing an additional 790,060 shares during the period. FMR LLC increased its holdings in shares of Worldpay by 21.3% in the second quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock worth $381,356,000 after purchasing an additional 818,712 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Worldpay by 1.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,774,136 shares of the business services provider’s stock worth $280,936,000 after purchasing an additional 34,849 shares during the period. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Rohinton Kalifa sold 75,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.77, for a total value of $7,557,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark L. Heimbouch sold 29,676 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $98.26, for a total transaction of $2,915,963.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 260,732 shares of company stock valued at $24,997,828. 1.05% of the stock is owned by insiders.

WP has been the topic of several research analyst reports. Royal Bank of Canada upped their price target on shares of Worldpay from $101.00 to $103.00 and gave the stock a “top pick” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of Worldpay from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Bank of America raised shares of Worldpay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $106.00 to $118.00 in a report on Wednesday, October 3rd. Wedbush upped their price target on shares of Worldpay from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, October 5th. Finally, KeyCorp upped their price target on shares of Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 5th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Worldpay has a consensus rating of “Buy” and a consensus price target of $100.59.

WP stock opened at $91.97 on Tuesday. Worldpay Inc has a 1 year low of $67.96 and a 1 year high of $103.50. The stock has a market capitalization of $28.90 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.57 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73.

Worldpay (NYSE:WP) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.09. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.81 million. Worldpay’s revenue was up 90.0% on a year-over-year basis. On average, equities analysts anticipate that Worldpay Inc will post 3.64 earnings per share for the current fiscal year.

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Worldpay Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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