Worldpay Inc (WP) Stake Increased by Brookstone Capital Management

Brookstone Capital Management lifted its position in shares of Worldpay Inc (NYSE:WP) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,047 shares of the business services provider’s stock after acquiring an additional 637 shares during the period. Brookstone Capital Management’s holdings in Worldpay were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Worldpay by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. Vanguard Group Inc lifted its stake in Worldpay by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. Lunia Capital LP lifted its stake in Worldpay by 6,149.3% in the 4th quarter. Lunia Capital LP now owns 15,225,391 shares of the business services provider’s stock valued at $15,225,000 after purchasing an additional 14,981,757 shares during the last quarter. Flossbach Von Storch AG lifted its stake in Worldpay by 18.2% in the 4th quarter. Flossbach Von Storch AG now owns 7,814,868 shares of the business services provider’s stock valued at $597,290,000 after purchasing an additional 1,203,215 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Worldpay by 8.9% in the 4th quarter. American Century Companies Inc. now owns 4,244,680 shares of the business services provider’s stock valued at $324,421,000 after purchasing an additional 346,897 shares during the last quarter. 91.29% of the stock is owned by institutional investors.

WP opened at $111.23 on Friday. Worldpay Inc has a twelve month low of $70.41 and a twelve month high of $115.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.75. The firm has a market cap of $34.56 billion, a PE ratio of 30.23, a PEG ratio of 1.88 and a beta of 0.91.

Worldpay (NYSE:WP) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.08. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $0.97 earnings per share. Worldpay’s revenue for the quarter was up 84.5% compared to the same quarter last year. As a group, research analysts anticipate that Worldpay Inc will post 4.25 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Wedbush downgraded shares of Worldpay from an “outperform” rating to a “neutral” rating and set a $107.06 price objective for the company. in a research note on Thursday, March 21st. Atlantic Securities downgraded shares of Worldpay from an “overweight” rating to a “neutral” rating in a research note on Thursday, March 21st. Deutsche Bank increased their price objective on shares of Worldpay from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Craig Hallum increased their price objective on shares of Worldpay from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Mizuho reaffirmed a “buy” rating and set a $100.00 price target on shares of Worldpay in a research note on Thursday, January 3rd. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $110.26.

In other Worldpay news, VP Shane Happach sold 9,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $113.34, for a total value of $1,020,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Royal Cole sold 61,257 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $96.14, for a total transaction of $5,889,247.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,849 shares of company stock valued at $8,250,159. 1.05% of the stock is currently owned by corporate insiders.

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About Worldpay

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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