Worldpay Inc (WP) Holdings Increased by Flossbach Von Storch AG

Flossbach Von Storch AG grew its stake in shares of Worldpay Inc (NYSE:WP) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,814,868 shares of the business services provider’s stock after buying an additional 1,203,215 shares during the quarter. Worldpay makes up 5.7% of Flossbach Von Storch AG’s holdings, making the stock its 6th biggest holding. Flossbach Von Storch AG’s holdings in Worldpay were worth $597,290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Alps Advisors Inc. lifted its holdings in shares of Worldpay by 2.7% during the fourth quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after purchasing an additional 139 shares during the period. Lourd Capital LLC lifted its holdings in shares of Worldpay by 3.7% during the fourth quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after purchasing an additional 144 shares during the period. CWM LLC lifted its holdings in shares of Worldpay by 124.7% during 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. Oakbrook Investments LLC lifted its holdings in shares of Worldpay by 2.5% during the fourth quarter. Oakbrook Investments LLC now owns 12,450 shares of the business services provider’s stock worth $952,000 after purchasing an additional 300 shares during the period. Finally, Nvwm LLC lifted its holdings in shares of Worldpay by 4.7% during the fourth quarter. Nvwm LLC now owns 7,805 shares of the business services provider’s stock worth $597,000 after purchasing an additional 349 shares during the period. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WP opened at $85.70 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market cap of $26.75 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. Worldpay Inc has a one year low of $70.41 and a one year high of $103.50.

Worldpay (NYSE:WP) last posted its earnings results on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, equities analysts predict that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on WP shares. KeyCorp cut their price target on shares of Worldpay from $120.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Royal Bank of Canada lowered shares of Worldpay from a “top pick” rating to an “outperform” rating and lifted their price target for the stock from $103.00 to $107.00 in a report on Tuesday, December 18th. They noted that the move was a valuation call. Nomura lifted their price target on shares of Worldpay from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Craig Hallum cut their price target on shares of Worldpay from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, January 15th. Finally, Moffett Nathanson upgraded shares of Worldpay from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Five research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $100.00.

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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, Europe, and Asia. It operates in 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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