Thornburg Investment Management Inc. lifted its position in shares of Worldpay Inc (NYSE:WP) by 3.8% in the first quarter, Holdings Channel reports. The institutional investor owned 521,023 shares of the business services provider’s stock after acquiring an additional 19,017 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Worldpay were worth $59,136,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of WP. LPL Financial LLC boosted its position in shares of Worldpay by 24.5% during the 3rd quarter. LPL Financial LLC now owns 3,913 shares of the business services provider’s stock worth $396,000 after purchasing an additional 770 shares during the period. Teachers Advisors LLC boosted its position in shares of Worldpay by 3.3% during the 3rd quarter. Teachers Advisors LLC now owns 508,025 shares of the business services provider’s stock worth $51,448,000 after purchasing an additional 15,995 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Worldpay by 36.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 987,759 shares of the business services provider’s stock worth $100,030,000 after purchasing an additional 265,306 shares during the period. Nordea Investment Management AB boosted its position in shares of Worldpay by 7.0% during the 3rd quarter. Nordea Investment Management AB now owns 110,855 shares of the business services provider’s stock worth $11,226,000 after purchasing an additional 7,277 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Worldpay by 9.2% during the 3rd quarter. Legal & General Group Plc now owns 1,450,956 shares of the business services provider’s stock worth $146,882,000 after purchasing an additional 122,373 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.
WP has been the subject of several recent research reports. Cantor Fitzgerald reissued a “hold” rating and issued a $119.00 price target on shares of Worldpay in a research report on Friday, May 3rd. Zacks Investment Research lowered shares of Worldpay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Craig Hallum lowered shares of Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada raised their price objective on shares of Worldpay from $110.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, Barclays raised their price objective on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Fifteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Worldpay presently has an average rating of “Buy” and a consensus target price of $111.44.
NYSE:WP traded up $0.03 during midday trading on Friday, hitting $120.54. 607,640 shares of the company were exchanged, compared to its average volume of 2,831,450. Worldpay Inc has a fifty-two week low of $70.41 and a fifty-two week high of $121.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $37.51 billion, a P/E ratio of 32.76, a P/E/G ratio of 1.95 and a beta of 0.90.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $950.37 million. During the same period last year, the business earned $0.81 EPS. Worldpay’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Worldpay Inc will post 4.29 EPS for the current year.
In other Worldpay news, VP Shane Happach sold 9,000 shares of Worldpay stock in a transaction on Monday, April 1st. The shares were sold at an average price of $113.34, for a total value of $1,020,060.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher A. Thompson sold 13,592 shares of Worldpay stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $98.65, for a total transaction of $1,340,850.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,849 shares of company stock worth $8,250,159. 0.82% of the stock is currently owned by company insiders.
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Worldpay Company Profile
Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.
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