Worldpay Inc (WP) EVP Sells $3,062,775.12 in Stock

Worldpay Inc (NYSE:WP) EVP Matt Taylor sold 38,028 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $80.54, for a total transaction of $3,062,775.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of WP stock traded up $1.08 on Thursday, hitting $81.20. The stock had a trading volume of 1,147,015 shares, compared to its average volume of 4,151,179. The company has a market cap of $14,466.07, a P/E ratio of 26.19, a P/E/G ratio of 1.48 and a beta of 0.58. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75. Worldpay Inc has a 12-month low of $59.10 and a 12-month high of $85.53.

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Worldpay (NYSE:WP) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.01). The firm had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $563.04 million. Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. research analysts expect that Worldpay Inc will post 3.59 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Eagle Asset Management Inc. purchased a new stake in Worldpay during the fourth quarter worth about $38,764,000. Quantitative Investment Management LLC purchased a new stake in Worldpay during the fourth quarter worth about $9,693,000. Macquarie Group Ltd. purchased a new stake in Worldpay during the fourth quarter worth about $8,429,000. Navellier & Associates Inc purchased a new stake in Worldpay during the fourth quarter worth about $3,503,000. Finally, Twin Tree Management LP purchased a new stake in Worldpay during the fourth quarter worth about $651,000.

Several research analysts recently issued reports on WP shares. Jefferies Group raised shares of Worldpay from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Thursday, December 14th. Wells Fargo reissued a “positive” rating and set a $84.00 target price (up from $77.00) on shares of Worldpay in a research note on Thursday, December 14th. Stifel Nicolaus reissued a “buy” rating and set a $93.00 target price on shares of Worldpay in a research note on Friday, December 15th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 target price on shares of Worldpay in a research note on Friday, December 22nd. Finally, Royal Bank of Canada raised shares of Worldpay from an “outperform” rating to a “top pick” rating in a research note on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $84.06.

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Worldpay Company Profile

Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Insider Buying and Selling by Quarter for Worldpay (NYSE:WP)

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