Dimensional Fund Advisors LP purchased a new stake in Worldpay Inc (NYSE:WP) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 691,813 shares of the business services provider’s stock, valued at approximately $56,895,000. Dimensional Fund Advisors LP owned approximately 0.39% of Worldpay as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Pendal Group Ltd acquired a new stake in Worldpay in the 1st quarter worth approximately $108,000. Envestnet Asset Management Inc. acquired a new stake in Worldpay in the 1st quarter worth approximately $134,000. IFP Advisors Inc acquired a new stake in Worldpay in the 1st quarter worth approximately $208,000. Great Lakes Advisors LLC acquired a new stake in Worldpay in the 1st quarter worth approximately $225,000. Finally, Signaturefd LLC acquired a new stake in Worldpay in the 1st quarter worth approximately $230,000.
WP has been the subject of a number of recent analyst reports. Northcoast Research reiterated a “neutral” rating on shares of Worldpay in a research note on Thursday, March 1st. Bank of America lifted their price objective on shares of Worldpay from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. Deutsche Bank lifted their price objective on shares of Worldpay from $82.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. TheStreet upgraded shares of Worldpay from a “c+” rating to a “b-” rating in a research note on Monday, May 21st. Finally, Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Seven investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Worldpay currently has an average rating of “Buy” and an average price target of $85.60.
Worldpay opened at $85.08 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.74. The company has a market cap of $15.19 billion, a PE ratio of 27.45, a PEG ratio of 1.56 and a beta of 0.55. Worldpay Inc has a 1-year low of $59.10 and a 1-year high of $86.06.
Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, May 10th. The business services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The company had revenue of $850.70 million during the quarter, compared to analyst estimates of $838.22 million. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. The firm’s revenue was up 81.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. analysts expect that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.
In related news, insider Charles Drucker sold 85,000 shares of the business’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $82.20, for a total value of $6,987,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Taylor sold 38,028 shares of the business’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $80.54, for a total transaction of $3,062,775.12. The disclosure for this sale can be found here. In the last three months, insiders sold 143,493 shares of company stock valued at $11,730,899. 1.05% of the stock is owned by insiders.
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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