Worldpay (WP) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Worldpay (NYSE:WP) in a research note issued to investors on Wednesday, The Fly reports. The firm issued an overweight rating and a $108.00 price objective on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. Stephens restated a buy rating and set a $97.00 price target on shares of Worldpay in a report on Sunday, August 12th. Raymond James restated a buy rating and set a $111.00 price target on shares of Worldpay in a report on Wednesday, August 15th. Cantor Fitzgerald increased their price target on Worldpay from $92.00 to $100.00 and gave the stock an overweight rating in a report on Friday, August 10th. Nomura restated a buy rating and set a $105.00 price target (up from $93.00) on shares of Worldpay in a report on Sunday, August 12th. Finally, Piper Jaffray Companies restated a hold rating and set a $105.00 price target on shares of Worldpay in a report on Thursday, August 16th. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $101.03.

Shares of WP stock opened at $82.03 on Wednesday. Worldpay has a one year low of $69.63 and a one year high of $103.50. The company has a market capitalization of $25.81 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.42 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Worldpay (NYSE:WP) last announced its earnings results on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Worldpay will post 3.6 EPS for the current fiscal year.

In related news, insider Rohinton Kalifa sold 75,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $100.77, for a total value of $7,557,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Taylor sold 22,648 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total value of $2,221,542.32. The disclosure for this sale can be found here. Insiders have sold 127,324 shares of company stock worth $12,695,256 over the last ninety days. 1.05% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Worldpay by 3.1% in the 2nd quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after buying an additional 474,679 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Worldpay by 0.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after buying an additional 65,400 shares during the last quarter. Flossbach Von Storch AG raised its position in Worldpay by 1.6% in the 3rd quarter. Flossbach Von Storch AG now owns 6,611,653 shares of the business services provider’s stock valued at $669,562,000 after buying an additional 104,016 shares during the last quarter. FMR LLC raised its position in Worldpay by 32.7% in the 3rd quarter. FMR LLC now owns 6,186,896 shares of the business services provider’s stock valued at $626,546,000 after buying an additional 1,523,722 shares during the last quarter. Finally, Third Point LLC raised its position in Worldpay by 5.2% in the 3rd quarter. Third Point LLC now owns 3,050,000 shares of the business services provider’s stock valued at $308,874,000 after buying an additional 150,000 shares during the last quarter. 89.60% of the stock is owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Worldpay (NYSE:WP)

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