WP has been the topic of a number of other research reports. Zacks Investment Research cut shares of Worldpay from a hold rating to a sell rating in a research note on Saturday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Worldpay to $94.00 and gave the stock an overweight rating in a research note on Thursday, March 1st. Cantor Fitzgerald reaffirmed an overweight rating and set a $89.00 price objective on shares of Worldpay in a research note on Monday, January 22nd. Morgan Stanley started coverage on shares of Worldpay in a research note on Monday, January 22nd. They set an overweight rating and a $93.00 price objective on the stock. Finally, Deutsche Bank lifted their price target on shares of Worldpay from $82.00 to $7.00 and gave the company a buy rating in a research note on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of Buy and a consensus price target of $84.50.
Shares of Worldpay opened at $79.28 on Monday, according to MarketBeat Ratings. The company has a market cap of $14.39 billion, a PE ratio of 25.57, a PEG ratio of 1.48 and a beta of 0.60. Worldpay has a 12 month low of $59.10 and a 12 month high of $85.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.94 and a current ratio of 0.94.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $850.70 million for the quarter, compared to analysts’ expectations of $838.22 million. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. The business’s revenue was up 81.0% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. analysts forecast that Worldpay will post 3.59 EPS for the current fiscal year.
In other Worldpay news, insider Kimberly Martin sold 5,308 shares of Worldpay stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.96, for a total transaction of $440,351.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Royal Cole sold 44,283 shares of Worldpay stock in a transaction on Monday, March 5th. The stock was sold at an average price of $83.17, for a total transaction of $3,683,017.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,064 shares of company stock worth $20,993,922. 1.05% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH purchased a new position in shares of Worldpay during the 1st quarter worth $21,629,000. Amalgamated Bank purchased a new position in shares of Worldpay during the 1st quarter worth $3,084,000. Principal Financial Group Inc. purchased a new position in shares of Worldpay during the 1st quarter worth $3,297,000. WINTON GROUP Ltd purchased a new position in shares of Worldpay during the 1st quarter worth $1,255,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Worldpay during the 1st quarter worth $12,379,000.
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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