Worldpay (NYSE:WP) EVP Matt Taylor sold 12,675 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $82.90, for a total value of $1,050,757.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Matt Taylor also recently made the following trade(s):
- On Tuesday, April 3rd, Matt Taylor sold 38,028 shares of Worldpay stock. The shares were sold at an average price of $80.54, for a total value of $3,062,775.12.
NYSE:WP opened at $81.20 on Friday. Worldpay has a 1 year low of $59.10 and a 1 year high of $85.53. The firm has a market capitalization of $14,823.55, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 9.31.
Worldpay (NYSE:WP) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.01). Worldpay had a return on equity of 52.03% and a net margin of 3.23%. The business had revenue of $569.00 million during the quarter, compared to the consensus estimate of $563.04 million. During the same period in the previous year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. sell-side analysts predict that Worldpay will post 3.59 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Boston Family Office LLC bought a new position in shares of Worldpay in the fourth quarter worth $484,000. Twin Tree Management LP bought a new position in shares of Worldpay in the fourth quarter worth $651,000. Navellier & Associates Inc bought a new position in Worldpay during the fourth quarter valued at about $3,503,000. Macquarie Group Ltd. bought a new position in Worldpay during the fourth quarter valued at about $8,429,000. Finally, Quantitative Investment Management LLC bought a new position in Worldpay during the fourth quarter valued at about $9,693,000.
Several research firms recently issued reports on WP. Keefe, Bruyette & Woods reissued a “buy” rating and set a $99.00 price target on shares of Worldpay in a research report on Tuesday, March 6th. Guggenheim reissued a “buy” rating and set a $93.00 price target on shares of Worldpay in a research report on Tuesday, March 6th. Nomura upped their price target on Worldpay to $93.00 and gave the company a “buy” rating in a research report on Wednesday, March 7th. Bank of America upped their price target on Worldpay from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, March 5th. Finally, Cowen reissued an “outperform” rating and set a $92.00 price target (up from $84.00) on shares of Worldpay in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.40.
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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. 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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