Craig Hallum reaffirmed their buy rating on shares of Worldpay (NYSE:WP) in a research report report published on Tuesday, February 26th, The Fly reports. The brokerage currently has a $115.00 price objective on the business services provider’s stock, up from their prior price objective of $95.00.
Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald restated a buy rating and set a $105.00 price objective on shares of Worldpay in a report on Tuesday, February 26th. Nomura reduced their target price on Worldpay to $112.00 and set a buy rating on the stock in a report on Monday, February 25th. Zacks Investment Research raised Worldpay from a sell rating to a hold rating in a research report on Friday, February 22nd. ValuEngine raised Worldpay from a hold rating to a buy rating in a research report on Saturday, January 19th. Finally, Jefferies Financial Group initiated coverage on Worldpay in a research report on Monday, January 28th. They issued a hold rating and a $85.00 price objective on the stock. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $107.22.
Shares of WP stock traded up $0.11 during trading hours on Tuesday, reaching $110.39. 6,677,223 shares of the company’s stock were exchanged, compared to its average volume of 5,258,874. The company has a market cap of $34.30 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. Worldpay has a 1 year low of $70.41 and a 1 year high of $112.90. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.
Worldpay (NYSE:WP) last issued its earnings results on Tuesday, February 26th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Worldpay had a return on equity of 10.80% and a net margin of 0.33%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 84.5% on a year-over-year basis. On average, equities analysts forecast that Worldpay will post 4.25 earnings per share for the current fiscal year.
In other Worldpay news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher A. Thompson sold 13,592 shares of Worldpay stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $98.65, for a total value of $1,340,850.80. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WP. Aperio Group LLC boosted its position in shares of Worldpay by 59.3% during the third quarter. Aperio Group LLC now owns 51,970 shares of the business services provider’s stock worth $5,263,000 after buying an additional 19,351 shares during the period. IFP Advisors Inc raised its holdings in Worldpay by 76.6% during the third quarter. IFP Advisors Inc now owns 5,346 shares of the business services provider’s stock worth $541,000 after purchasing an additional 2,318 shares in the last quarter. First Trust Advisors LP raised its holdings in Worldpay by 6.8% during the third quarter. First Trust Advisors LP now owns 384,949 shares of the business services provider’s stock worth $38,984,000 after purchasing an additional 24,445 shares in the last quarter. Creative Planning raised its holdings in Worldpay by 4.4% during the third quarter. Creative Planning now owns 24,235 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Alps Advisors Inc. raised its holdings in Worldpay by 43.9% during the third quarter. Alps Advisors Inc. now owns 5,209 shares of the business services provider’s stock worth $528,000 after purchasing an additional 1,590 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.
Worldpay Company Profile
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in 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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