Mn Services Vermogensbeheer B.V. Boosts Holdings in Worldpay Inc (WP)

Mn Services Vermogensbeheer B.V. raised its stake in Worldpay Inc (NYSE:WP) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 47,693 shares of the business services provider’s stock after acquiring an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Worldpay were worth $4,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in Worldpay during the 1st quarter valued at $585,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Worldpay during the 1st quarter valued at $309,000. LPL Financial LLC acquired a new stake in Worldpay during the 1st quarter valued at $241,000. Principal Financial Group Inc. acquired a new stake in Worldpay during the 1st quarter valued at $3,297,000. Finally, Allianz Asset Management GmbH acquired a new stake in Worldpay during the 1st quarter valued at $21,629,000. 89.19% of the stock is currently owned by institutional investors.

Shares of NYSE:WP opened at $92.41 on Wednesday. The firm has a market capitalization of $28.90 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. Worldpay Inc has a 1 year low of $67.96 and a 1 year high of $103.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. Worldpay’s quarterly revenue was up 90.0% compared to the same quarter last year. As a group, equities analysts anticipate that Worldpay Inc will post 3.64 EPS for the current year.

In other Worldpay news, insider Rohinton Kalifa sold 75,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephanie Ferris sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $90.00, for a total transaction of $225,000.00. The disclosure for this sale can be found here. Insiders sold 260,732 shares of company stock valued at $24,997,828 over the last quarter. 1.05% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Worldpay from $93.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Cantor Fitzgerald upped their price target on shares of Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $105.00 price target on shares of Worldpay in a research note on Thursday, August 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $102.00 price target on shares of Worldpay in a research note on Friday, August 10th. Finally, Citigroup upped their price target on shares of Worldpay from $94.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $100.59.

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Worldpay Company Profile

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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