Worldpay (NYSE:WP) released its earnings results on Thursday. The business services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02, MarketWatch Earnings reports. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $0.90 EPS. Worldpay’s quarterly revenue was down 1.5% compared to the same quarter last year.
WP opened at $90.11 on Friday. Worldpay has a 12 month low of $68.45 and a 12 month high of $103.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $29.35 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.59 and a beta of 0.84.
WP has been the topic of a number of research analyst reports. Bank of America raised Worldpay from a “neutral” rating to a “buy” rating and increased their target price for the stock from $106.00 to $118.00 in a report on Wednesday, October 3rd. Mizuho raised Worldpay from a “neutral” rating to a “buy” rating and raised their price target for the stock from $88.00 to $125.00 in a report on Wednesday, September 12th. KeyCorp raised their price target on Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $115.00 price target on shares of Worldpay in a report on Thursday, October 4th. Finally, SunTrust Banks raised their price target on Worldpay to $95.00 and gave the stock a “hold” rating in a 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 assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.59.
In related news, insider Rohinton Kalifa sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $100.77, for a total value of $7,557,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Philip Jansen sold 130,908 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $92.26, for a total value of $12,077,572.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,232 shares of company stock worth $24,772,828. 1.05% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. TRUE Private Wealth Advisors acquired a new position in shares of Worldpay during the 3rd quarter valued at $112,000. Rational Advisors LLC acquired a new position in shares of Worldpay during the 3rd quarter valued at $122,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Worldpay during the 3rd quarter valued at $146,000. Fort L.P. acquired a new position in shares of Worldpay during the 2nd quarter valued at $120,000. Finally, Bogart Wealth LLC acquired a new position in shares of Worldpay during the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 89.19% of the company’s stock.
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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