Worldpay Inc (NYSE:WP) has earned a consensus recommendation of “Buy” from the thirty-four ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $97.04.
Several equities research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Worldpay in a research report on Friday, June 15th. They set a “strong-buy” rating and a $98.00 price objective on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $105.00 target price on shares of Worldpay in a report on Thursday, August 16th. Credit Suisse Group raised their target price on shares of Worldpay from $87.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Nomura raised their target price on shares of Worldpay from $105.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Wolfe Research initiated coverage on shares of Worldpay in a report on Tuesday, July 17th. They issued an “outperform” rating for the company.
Shares of Worldpay stock traded up $0.37 on Friday, hitting $98.40. 33,745 shares of the company traded hands, compared to its average volume of 1,658,061. The stock has a market cap of $30.36 billion, a P/E ratio of 31.82, a PEG ratio of 1.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Worldpay has a 52 week low of $67.71 and a 52 week high of $101.39.
Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The company’s revenue was up 90.0% on a year-over-year basis. equities analysts expect that Worldpay will post 3.64 EPS for the current year.
In other news, CFO Stephanie Ferris sold 2,500 shares of Worldpay stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $90.00, for a total transaction of $225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Taylor sold 22,648 shares of Worldpay stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total value of $2,221,542.32. The disclosure for this sale can be found here. Insiders have sold 156,056 shares of company stock valued at $14,524,114 over the last ninety days. 1.05% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in WP. BlackRock Inc. raised its holdings in shares of Worldpay by 3.1% in 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 acquiring an additional 474,679 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Worldpay by 0.6% in 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 acquiring an additional 65,400 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of Worldpay in the first quarter valued at about $709,395,000. Flossbach Von Storch AG raised its holdings in shares of Worldpay by 13.8% in the second quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock valued at $532,195,000 after acquiring an additional 790,060 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Worldpay by 21.3% in the second quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock valued at $381,356,000 after acquiring an additional 818,712 shares in the last quarter. Institutional investors and hedge funds own 88.88% 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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