Creative Planning boosted its holdings in Worldpay Inc (NYSE:WP) by 7.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,511 shares of the business services provider’s stock after purchasing an additional 1,450 shares during the quarter. Creative Planning’s holdings in Worldpay were worth $2,441,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of WP. CX Institutional purchased a new stake in Worldpay during the 1st quarter valued at $38,000. Karp Capital Management Corp purchased a new stake in Worldpay in the fourth quarter worth $38,000. CWM LLC increased its stake in Worldpay by 124.7% in 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 during the period. Captrust Financial Advisors increased its stake in Worldpay by 399.1% in the fourth quarter. Captrust Financial Advisors now owns 559 shares of the business services provider’s stock worth $43,000 after purchasing an additional 447 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Worldpay in the first quarter worth $70,000. Institutional investors and hedge funds own 89.35% of the company’s stock.
A number of analysts have weighed in on WP shares. Jefferies Financial Group began coverage on Worldpay in a research note on Monday, January 28th. They issued a “hold” rating and a $85.00 target price on the stock. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. JPMorgan Chase & Co. lowered Worldpay from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 19th. Citigroup raised their price target on Worldpay from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Finally, Nomura cut their price target on Worldpay to $112.00 and set a “buy” rating on the stock in a research note on Monday, February 25th. Sixteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $111.55.
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 value of $1,340,850.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Royal Cole sold 61,257 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $96.14, for a total value of $5,889,247.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,849 shares of company stock valued at $8,250,159. 0.82% of the stock is owned by company insiders.
Shares of NYSE:WP traded up $0.81 during trading on Wednesday, hitting $122.38. The stock had a trading volume of 2,481,469 shares, compared to its average volume of 3,322,778. Worldpay Inc has a 12-month low of $70.41 and a 12-month high of $123.14. The stock has a market cap of $38.08 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.98 and a beta of 0.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.
Worldpay (NYSE:WP) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.10. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.81 earnings per share. As a group, equities analysts anticipate that Worldpay Inc will post 4.29 EPS for the current fiscal year.
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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