Worldpay Inc (WP) Shares Sold by FTB Advisors Inc.

FTB Advisors Inc. cut its stake in shares of Worldpay Inc (NYSE:WP) by 16.0% during the third quarter, HoldingsChannel reports. The firm owned 7,855 shares of the business services provider’s stock after selling 1,491 shares during the period. FTB Advisors Inc.’s holdings in Worldpay were worth $795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Worldpay by 3.1% during the second quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after purchasing an additional 474,679 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Worldpay by 0.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after purchasing an additional 65,400 shares in the last quarter. Flossbach Von Storch AG grew its position in Worldpay by 1.6% during the third quarter. Flossbach Von Storch AG now owns 6,611,653 shares of the business services provider’s stock valued at $669,562,000 after purchasing an additional 104,016 shares in the last quarter. FMR LLC grew its position in Worldpay by 21.3% during the second quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock valued at $381,356,000 after purchasing an additional 818,712 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Worldpay by 1.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,774,136 shares of the business services provider’s stock valued at $280,936,000 after purchasing an additional 34,849 shares in the last quarter. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WP opened at $90.11 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market cap of $28.83 billion, a P/E ratio of 29.07, a PEG ratio of 1.56 and a beta of 0.84. Worldpay Inc has a 1 year low of $68.45 and a 1 year high of $103.50.

Worldpay (NYSE:WP) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. Worldpay’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. On average, equities research analysts expect that Worldpay Inc will post 3.64 earnings per share for the current year.

A number of research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Worldpay from $93.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Cantor Fitzgerald boosted their price objective on shares of Worldpay from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $105.00 price objective on shares of Worldpay in a research report on Thursday, August 16th. Robert W. Baird reaffirmed a “buy” rating and set a $102.00 price objective on shares of Worldpay in a research report on Friday, August 10th. Finally, Citigroup boosted their price objective on shares of Worldpay from $94.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $100.59.

In related news, CEO Philip Jansen sold 130,908 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $92.26, for a total transaction of $12,077,572.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mark L. Heimbouch sold 29,676 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $98.26, for a total transaction of $2,915,963.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,232 shares of company stock valued at $24,772,828. 1.05% of the stock is owned by insiders.

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Worldpay 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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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