1,962 Shares in Worldpay Inc (WP) Purchased by 9258 Wealth Management LLC

9258 Wealth Management LLC acquired a new stake in shares of Worldpay Inc (NYSE:WP) during the first quarter, Holdings Channel reports. The fund acquired 1,962 shares of the business services provider’s stock, valued at approximately $223,000.

Other hedge funds also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Worldpay by 1.9% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,315 shares of the business services provider’s stock worth $717,000 after purchasing an additional 120 shares in the last quarter. FTB Advisors Inc. lifted its holdings in Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after purchasing an additional 122 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in Worldpay by 52.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock worth $44,000 after purchasing an additional 132 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Worldpay by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 5,484 shares of the business services provider’s stock worth $622,000 after purchasing an additional 136 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in Worldpay by 6.2% in the 4th quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after purchasing an additional 161 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

WP has been the topic of several recent research reports. Atlantic Securities cut Worldpay from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. Zacks Investment Research raised Worldpay from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Saturday. SunTrust Banks upped their price objective on Worldpay to $92.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Deutsche Bank upped their price objective on Worldpay from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, Wedbush upped their price objective on Worldpay from $100.00 to $110.00 and gave the stock an “average” rating in a report on Wednesday, February 27th. Fifteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Worldpay presently has a consensus rating of “Buy” and an average target price of $111.55.

NYSE WP opened at $120.37 on Monday. The company has a market cap of $37.46 billion, a PE ratio of 32.71, a P/E/G ratio of 1.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95. Worldpay Inc has a fifty-two week low of $70.41 and a fifty-two week high of $121.16.

Worldpay (NYSE:WP) last released its earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $950.37 million. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, equities analysts expect that Worldpay Inc will post 4.29 earnings per share for the current year.

In other news, insider Christopher A. Thompson sold 13,592 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $98.65, for a total transaction of $1,340,850.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shane Happach sold 9,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 83,849 shares of company stock worth $8,250,159. Corporate insiders own 0.82% of the company’s stock.

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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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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