Worldpay (NYSE:WP) had its target price raised by Wedbush from $100.00 to $120.00 in a research report report published on Friday morning, The Fly reports. Wedbush currently has an outperform rating on the business services provider’s stock.
WP has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of Worldpay from $94.00 to $100.00 and gave the company an overweight rating in a report on Friday, August 10th. Morgan Stanley lifted their price target on shares of Worldpay from $94.00 to $95.00 and gave the company an overweight rating in a report on Thursday, June 28th. Credit Suisse Group lifted their price target on shares of Worldpay from $87.00 to $99.00 and gave the company an outperform rating in a report on Friday, August 10th. BMO Capital Markets began coverage on shares of Worldpay in a report on Wednesday, September 26th. They issued an outperform rating and a $129.00 price target on the stock. Finally, Mizuho reiterated a hold rating and issued a $88.00 price target on shares of Worldpay in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Worldpay currently has an average rating of Buy and a consensus price target of $100.41.
Shares of Worldpay stock opened at $97.50 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Worldpay has a 52-week low of $67.71 and a 52-week high of $103.50. The company has a market capitalization of $31.60 billion, a PE ratio of 31.66, a PEG ratio of 1.74 and a beta of 0.70.
Worldpay (NYSE:WP) last issued its earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.09. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.81 million. The business’s quarterly revenue was up 90.0% compared to the same quarter last year. As a group, analysts predict that Worldpay will post 3.64 EPS for the current year.
In other Worldpay news, CEO Philip Jansen sold 130,908 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $92.26, for a total transaction of $12,077,572.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephanie Ferris sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were 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 have sold 260,732 shares of company stock valued at $24,997,828 in the last three months. Insiders own 1.05% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC purchased a new position in shares of Worldpay in the 3rd quarter worth about $1,086,000. Fox Run Management L.L.C. raised its position in shares of Worldpay by 136.5% in the 3rd quarter. Fox Run Management L.L.C. now owns 6,409 shares of the business services provider’s stock worth $649,000 after purchasing an additional 3,699 shares during the last quarter. Optimum Investment Advisors raised its position in shares of Worldpay by 12.7% in the 3rd quarter. Optimum Investment Advisors now owns 13,519 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 1,525 shares during the last quarter. United Services Automobile Association raised its position in shares of Worldpay by 2.0% in the 2nd quarter. United Services Automobile Association now owns 55,705 shares of the business services provider’s stock worth $4,556,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Worldpay by 11.9% in the 2nd quarter. Northern Trust Corp now owns 1,786,814 shares of the business services provider’s stock worth $146,126,000 after purchasing an additional 190,265 shares during the last quarter. 88.87% of the stock is owned by hedge funds and other institutional investors.
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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