American Century Companies Inc. lessened its holdings in shares of Worldpay Inc (NYSE:WP) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897,783 shares of the business services provider’s stock after selling 680,373 shares during the period. American Century Companies Inc. owned approximately 1.25% of Worldpay worth $394,728,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in WP. Laurion Capital Management LP bought a new position in shares of Worldpay during the 2nd quarter valued at about $151,768,000. LA Financiere DE L Echiquier bought a new position in shares of Worldpay during the 3rd quarter valued at about $86,167,000. FMR LLC lifted its holdings in shares of Worldpay by 21.3% during the 2nd quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock valued at $381,356,000 after purchasing an additional 818,712 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in shares of Worldpay by 13.8% during the 2nd quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock valued at $532,195,000 after purchasing an additional 790,060 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Worldpay by 88.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,415,248 shares of the business services provider’s stock valued at $115,739,000 after purchasing an additional 664,400 shares in the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.
Several equities analysts have recently weighed in on WP shares. JPMorgan Chase & Co. lifted their price objective on Worldpay from $94.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, August 10th. BMO Capital Markets started coverage on Worldpay in a report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price objective on the stock. Credit Suisse Group lifted their price objective on Worldpay from $87.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Mizuho reiterated a “hold” rating and set a $88.00 price objective on shares of Worldpay in a report on Friday, August 10th. Finally, Zacks Investment Research cut Worldpay from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Worldpay has an average rating of “Buy” and an average price target of $100.59.
In other Worldpay news, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $100.77, for a total transaction of $7,557,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stephanie Ferris sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $90.00, for a total value of $225,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 260,732 shares of company stock worth $24,997,828 in the last ninety days. Insiders own 1.05% of the company’s stock.
NYSE:WP opened at $91.97 on Tuesday. The company has a market cap of $28.90 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.57 and a beta of 0.84. Worldpay Inc has a twelve month low of $67.96 and a twelve month high of $103.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.
Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.81 million. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. The business’s revenue for the quarter was up 90.0% compared to the same quarter last year. Research analysts forecast that Worldpay Inc will post 3.64 EPS for the current fiscal year.
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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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