Strs Ohio Has $142.03 Million Position in Worldpay Inc (NYSE:WP)

Strs Ohio reduced its stake in Worldpay Inc (NYSE:WP) by 11.2% during the second quarter, HoldingsChannel reports. The firm owned 1,158,994 shares of the business services provider’s stock after selling 145,894 shares during the quarter. Worldpay accounts for about 0.6% of Strs Ohio’s investment portfolio, making the stock its 28th largest holding. Strs Ohio’s holdings in Worldpay were worth $142,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in shares of Worldpay by 156.6% in the 1st quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 177 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in shares of Worldpay by 131.2% in the 1st quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. CX Institutional acquired a new stake in shares of Worldpay in the 1st quarter valued at approximately $38,000. Cornerstone Advisors Inc. boosted its stake in shares of Worldpay by 52.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 132 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Worldpay by 28.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

WP has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Cantor Fitzgerald restated a “hold” rating and issued a $119.00 price target on shares of Worldpay in a research note on Friday, May 3rd. Craig Hallum downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays raised their price target on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Citigroup set a $152.00 price target on shares of Worldpay and gave the company a “buy” rating in a research note on Friday, July 19th. Sixteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Worldpay currently has a consensus rating of “Hold” and a consensus price target of $113.25.

Shares of NYSE:WP remained flat at $$135.00 during mid-day trading on Monday. 19,553,400 shares of the stock traded hands, compared to its average volume of 2,058,610. The company’s 50 day moving average is $128.76. The stock has a market capitalization of $42.01 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 2.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.95. Worldpay Inc has a 12 month low of $70.41 and a 12 month high of $138.22.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.10. The company had revenue of $970.00 million during the quarter, compared to analyst estimates of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. Worldpay’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 business posted $0.81 EPS. On average, analysts expect that Worldpay Inc will post 4.3 EPS for the current year.

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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