First Mercantile Trust Co. lessened its position in Worldpay Inc (NYSE:WP) by 55.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,620 shares of the business services provider’s stock after selling 4,586 shares during the period. First Mercantile Trust Co.’s holdings in Worldpay were worth $411,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in WP. Kiwi Wealth Investments Limited Partnership purchased a new position in shares of Worldpay in the 4th quarter valued at about $2,888,000. FTB Advisors Inc. increased its holdings in shares of Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 122 shares in the last quarter. SeaTown Holdings Pte. Ltd. increased its holdings in shares of Worldpay by 280.0% in the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 190,000 shares of the business services provider’s stock valued at $14,522,000 after purchasing an additional 140,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Worldpay by 2.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 485,167 shares of the business services provider’s stock valued at $37,081,000 after purchasing an additional 9,814 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of Worldpay by 8.9% in the 4th quarter. IFM Investors Pty Ltd now owns 17,675 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 1,445 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.
In other Worldpay news, insider Christopher A. Thompson sold 13,592 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $98.65, for a total transaction of $1,340,850.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shane Happach sold 9,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $113.34, for a total transaction of $1,020,060.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,849 shares of company stock worth $8,250,159 over the last ninety days. 0.82% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on WP. Wedbush downgraded shares of Worldpay from an “outperform” rating to a “neutral” rating and set a $107.06 price target for the company. in a report on Thursday, March 21st. Zacks Investment Research downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Atlantic Securities downgraded shares of Worldpay from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. Craig Hallum downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $119.00 price target on shares of Worldpay in a report on Friday, May 3rd. Fifteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $111.44.
NYSE:WP opened at $118.86 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Worldpay Inc has a twelve month low of $70.41 and a twelve month high of $119.43. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90.
Worldpay (NYSE:WP) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The company had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $950.37 million. During the same period last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts forecast that Worldpay Inc will post 4.29 EPS for the current year.
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Worldpay Company Profile
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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