MUFG Securities EMEA plc Purchases New Holdings in Worldpay Inc (WP)

MUFG Securities EMEA plc purchased a new stake in Worldpay Inc (NYSE:WP) in the second quarter, Holdings Channel reports. The firm purchased 600,000 shares of the business services provider’s stock, valued at approximately $49,068,000. Worldpay makes up about 0.9% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in Worldpay during the 1st quarter worth about $4,167,000. Chase Investment Counsel Corp bought a new stake in Worldpay during the 1st quarter worth about $3,688,000. Schwab Charles Investment Management Inc. bought a new stake in Worldpay during the 1st quarter worth about $92,837,000. BlackRock Inc. acquired a new position in shares of Worldpay during the 1st quarter worth about $1,259,235,000. Finally, Shepherd Financial Partners LLC acquired a new position in shares of Worldpay during the 1st quarter worth about $482,000.

WP traded up $0.03 during trading hours on Thursday, reaching $81.77. The company’s stock had a trading volume of 25,907 shares, compared to its average volume of 1,954,173. Worldpay Inc has a 52 week low of $63.29 and a 52 week high of $87.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.62 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.50 and a beta of 0.63.

Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. Worldpay had a return on equity of 20.14% and a net margin of 0.09%. The firm had revenue of $850.70 million for the quarter, compared to analyst estimates of $838.22 million. During the same period in the prior year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 81.0% on a year-over-year basis. equities analysts forecast that Worldpay Inc will post 3.6 earnings per share for the current year.

In other Worldpay news, CFO Stephanie Ferris sold 7,790 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $80.92, for a total value of $630,366.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Charles Drucker sold 85,000 shares of the company’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $82.20, for a total value of $6,987,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Several equities analysts have recently issued reports on WP shares. TheStreet lowered Worldpay from a “b” rating to a “c+” rating in a research report on Monday, April 30th. Cantor Fitzgerald restated a “buy” rating and set a $92.00 target price on shares of Worldpay in a research report on Thursday, May 10th. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Raymond James began coverage on Worldpay in a research report on Friday, June 15th. They issued a “strong-buy” rating and a $98.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Worldpay from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Worldpay presently has an average rating of “Buy” and an average price target of $85.90.

About Worldpay

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through 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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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