Worldpay (NYSE:WP) had its price objective hoisted by stock analysts at KeyCorp from $100.00 to $120.00 in a report issued on Wednesday, September 5th, The Fly reports. The firm presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s target price would indicate a potential upside of 20.62% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Worldpay to $95.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. Raymond James lifted their price objective on shares of Worldpay from $98.00 to $99.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research lowered shares of Worldpay from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Nomura reissued a “buy” rating and set a $105.00 target price (up previously from $93.00) on shares of Worldpay in a research note on Sunday, August 12th. Finally, Stephens reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Worldpay in a research note on Sunday, August 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of “Buy” and a consensus price target of $96.86.
NYSE WP opened at $99.49 on Wednesday. Worldpay has a 12 month low of $67.71 and a 12 month high of $101.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market cap of $30.57 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.68 and a beta of 0.71.
Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The business’s revenue for the quarter was up 90.0% on a year-over-year basis. sell-side analysts predict that Worldpay will post 3.64 EPS for the current fiscal year.
In other Worldpay news, CEO Philip Jansen sold 130,908 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephanie Ferris sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $90.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. Insiders sold 156,056 shares of company stock worth $14,524,114 over the last 90 days. 1.05% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of WP. Pendal Group Ltd bought a new position in Worldpay in the first quarter valued at $108,000. Fort L.P. acquired a new stake in Worldpay in the second quarter valued at $120,000. Robecosam AG acquired a new stake in Worldpay in the first quarter valued at $123,000. SWS Partners acquired a new stake in Worldpay in the first quarter valued at $128,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Worldpay in the first quarter valued at $134,000. 89.02% of the stock is owned by 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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