Shell Asset Management Co. trimmed its stake in shares of Worldpay Inc (NYSE:WP) by 28.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,406 shares of the business services provider’s stock after selling 50,941 shares during the period. Shell Asset Management Co.’s holdings in Worldpay were worth $14,234,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of WP. Quadrant Capital Group LLC grew its holdings in Worldpay by 156.6% during the first quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock worth $32,000 after acquiring an additional 177 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Worldpay during the fourth quarter worth approximately $37,000. Berman Capital Advisors LLC boosted its position in Worldpay by 131.2% during the first quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock worth $37,000 after purchasing an additional 185 shares in the last quarter. CWM LLC boosted its position in Worldpay by 124.7% during the fourth quarter. CWM LLC now owns 501 shares of the business services provider’s stock worth $38,000 after purchasing an additional 278 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Worldpay during the fourth quarter worth approximately $38,000. 88.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shane Happach sold 9,000 shares of Worldpay stock in a transaction 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. Insiders sold 83,849 shares of company stock valued at $8,250,159 over the last ninety days. Insiders own 0.82% of the company’s stock.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $950.37 million. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities analysts predict that Worldpay Inc will post 4.28 earnings per share for the current year.
A number of equities analysts have issued reports on WP shares. Atlantic Securities downgraded Worldpay from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 21st. Zacks Investment Research upgraded Worldpay from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Saturday, May 18th. SunTrust Banks lifted their price objective on Worldpay to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. Deutsche Bank lifted their price objective on Worldpay from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Wedbush lifted their price objective on Worldpay from $100.00 to $110.00 and gave the stock an “average” rating in a research report on Wednesday, February 27th. Sixteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $111.55.
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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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