Worldpay (NYSE:WP) had its price objective lifted by analysts at KeyCorp from $100.00 to $120.00 in a report released on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. KeyCorp’s target price suggests a potential upside of 24.04% from the company’s previous close.
Several other research firms have also recently commented on WP. Royal Bank of Canada increased their price objective on Worldpay from $101.00 to $103.00 and gave the company a “top pick” rating in a research report on Friday, August 10th. Zacks Investment Research cut Worldpay from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. TheStreet raised Worldpay from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. Robert W. Baird increased their price objective on Worldpay from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, July 16th. Finally, Nomura reaffirmed a “buy” rating and set a $105.00 price objective (up from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $95.54.
Worldpay stock opened at $96.74 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Worldpay has a one year low of $67.71 and a one year high of $98.86. The firm has a market cap of $30.39 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 1.67 and a beta of 0.71.
Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.95 by $0.09. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.81 million. The firm’s revenue for the quarter was up 90.0% compared to the same quarter last year. equities analysts anticipate that Worldpay will post 3.64 EPS for the current fiscal year.
In other news, CEO Philip Jansen sold 130,908 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $92.26, for a total value of $12,077,572.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephanie Ferris sold 2,500 shares of the firm’s stock in a transaction dated 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 sold 156,056 shares of company stock worth $14,524,114 over the last three months. Insiders own 1.05% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Worldpay in the first quarter worth about $4,167,000. Fox Run Management L.L.C. bought a new position in shares of Worldpay in the second quarter worth about $222,000. Chase Investment Counsel Corp bought a new position in shares of Worldpay in the first quarter worth about $3,688,000. BlackRock Inc. bought a new position in shares of Worldpay in the first quarter worth about $1,259,235,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Worldpay in the first quarter worth about $92,837,000. 89.16% of the stock is currently owned by hedge funds and other institutional investors.
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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