Worldpay Inc (NYSE:WP) EVP Matt Taylor sold 22,648 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total value of $2,221,542.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of WP stock traded down $2.27 during trading hours on Wednesday, hitting $96.31. 2,295,700 shares of the company’s stock were exchanged, compared to its average volume of 2,999,306. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $30.39 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.67 and a beta of 0.71. Worldpay Inc has a fifty-two week low of $67.71 and a fifty-two week high of $98.86.
Worldpay (NYSE:WP) last announced its 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.81 million. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. Worldpay’s revenue was up 90.0% on a year-over-year basis. analysts anticipate that Worldpay Inc will post 3.64 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. S&CO Inc. raised its stake in shares of Worldpay by 14.3% during the 2nd quarter. S&CO Inc. now owns 4,970 shares of the business services provider’s stock worth $406,000 after buying an additional 620 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in Worldpay by 0.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 128,641 shares of the business services provider’s stock valued at $10,520,000 after purchasing an additional 622 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Worldpay by 1.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock valued at $3,452,000 after purchasing an additional 773 shares during the last quarter. Wedbush Securities Inc. raised its stake in Worldpay by 29.6% in the 2nd quarter. Wedbush Securities Inc. now owns 3,791 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 866 shares during the last quarter. Finally, Monetary Management Group Inc. raised its stake in Worldpay by 1.8% in the 2nd quarter. Monetary Management Group Inc. now owns 50,940 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 900 shares during the last quarter. 89.02% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the company. KeyCorp upped their price objective on Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stephens restated a “buy” rating and issued a $97.00 price objective on shares of Worldpay in a research report on Sunday, August 12th. Raymond James restated a “buy” rating and issued a $111.00 price objective on shares of Worldpay in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Cantor Fitzgerald upped their price objective on Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $94.97.
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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