Raymond James restated their buy rating on shares of Worldpay (NYSE:WP) in a report issued on Wednesday morning. Raymond James currently has a $111.00 target price on the business services provider’s stock.
Other research analysts also recently issued reports about the stock. TheStreet raised shares of Worldpay from a c+ rating to a b- rating in a research note on Monday, May 21st. Citigroup lifted their price target on shares of Worldpay from $94.00 to $103.00 and gave the stock a buy rating in a research note on Friday, August 10th. Buckingham Research lifted their price target on shares of Worldpay from $92.00 to $105.00 and gave the stock a buy rating in a research note on Friday, August 10th. Cowen reissued a buy rating on shares of Worldpay in a research note on Friday, August 10th. Finally, Robert W. Baird reissued a buy rating and set a $102.00 price target on shares of Worldpay in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Worldpay presently has a consensus rating of Buy and a consensus price target of $92.55.
WP stock opened at $94.49 on Wednesday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. Worldpay has a one year low of $67.71 and a one year high of $94.57. 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 EPS for the quarter, topping the consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The firm’s revenue for the quarter was up 90.0% compared to the same quarter last year. analysts anticipate that Worldpay will post 3.6 EPS for the current year.
In related news, CEO Philip Jansen sold 130,908 shares of Worldpay stock in a transaction on Friday, August 17th. The shares were sold at an average price of $92.26, for a total value of $12,077,572.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephanie Ferris sold 2,500 shares of Worldpay stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $90.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,408 shares of company stock worth $19,289,572. 1.05% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in WP. BlackRock Inc. bought a new stake in Worldpay in the first quarter valued at $1,259,235,000. Select Equity Group L.P. bought a new stake in Worldpay in the first quarter valued at $709,395,000. Flossbach Von Storch AG bought a new stake in Worldpay in the first quarter valued at $470,214,000. American Century Companies Inc. bought a new stake in Worldpay in the first quarter valued at $390,281,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Worldpay in the first quarter valued at $367,585,000.
Worldpay Company 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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