Commerzbank Aktiengesellschaft FI trimmed its position in shares of Worldpay Inc (NYSE:WP) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,105 shares of the business services provider’s stock after selling 215 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Worldpay were worth $849,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Court Place Advisors LLC lifted its stake in Worldpay by 49.6% during the third quarter. Court Place Advisors LLC now owns 7,243 shares of the business services provider’s stock worth $733,000 after purchasing an additional 2,400 shares in the last quarter. Concorde Asset Management LLC acquired a new stake in shares of Worldpay in the third quarter valued at $203,000. Vanguard Group Inc. raised its stake in shares of Worldpay by 1.5% in the third quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after acquiring an additional 386,174 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Worldpay by 47.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,011,169 shares of the business services provider’s stock valued at $102,390,000 after acquiring an additional 324,072 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. raised its stake in shares of Worldpay by 280.0% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 190,000 shares of the business services provider’s stock valued at $14,522,000 after acquiring an additional 140,000 shares in the last quarter. Institutional investors own 87.81% of the company’s stock.
WP has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Worldpay in a research note on Monday, January 28th. They issued a “hold” rating and a $85.00 price objective on the stock. TheStreet cut Worldpay from a “b-” rating to a “c” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Royal Bank of Canada cut Worldpay from a “top pick” rating to an “outperform” rating and increased their price objective for the company from $103.00 to $107.00 in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Nomura reduced their price objective on Worldpay from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $100.00.
Shares of WP stock opened at $88.33 on Thursday. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.39 and a beta of 0.84. Worldpay Inc has a 1 year low of $70.41 and a 1 year high of $103.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97.
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Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in 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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