31,580 Shares in Worldpay Inc (WP) Acquired by Exane Asset Management

Exane Asset Management acquired a new stake in Worldpay Inc (NYSE:WP) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 31,580 shares of the business services provider’s stock, valued at approximately $3,584,000. Worldpay makes up 1.7% of Exane Asset Management’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WP. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Worldpay by 1.9% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,315 shares of the business services provider’s stock worth $717,000 after buying an additional 120 shares in the last quarter. FTB Advisors Inc. boosted its position in shares of Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after buying an additional 122 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Worldpay by 52.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock worth $44,000 after buying an additional 132 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Worldpay by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 5,484 shares of the business services provider’s stock worth $622,000 after buying an additional 136 shares in the last quarter. Finally, Lourd Capital LLC boosted its position in shares of Worldpay by 3.7% in the 4th quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after buying an additional 144 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. Craig Hallum decreased their price objective on shares of Worldpay from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, January 15th. Cantor Fitzgerald reiterated a “buy” rating and issued a $105.00 price objective on shares of Worldpay in a research report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Morgan Stanley lowered shares of Worldpay from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $103.00 to $112.00 in a research report on Wednesday, March 20th. Finally, Wedbush decreased their price objective on shares of Worldpay from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 29th. Fifteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $111.44.

In related news, EVP Royal Cole sold 61,257 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $96.14, for a total transaction of $5,889,247.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shane Happach sold 9,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $113.34, for a total transaction of $1,020,060.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,849 shares of company stock worth $8,250,159. Insiders own 0.82% of the company’s stock.

Shares of WP stock traded down $0.34 during trading hours on Wednesday, hitting $118.14. 55,742 shares of the company were exchanged, compared to its average volume of 3,046,409. The firm has a market cap of $36.42 billion, a P/E ratio of 32.17, a PEG ratio of 1.92 and a beta of 0.90. Worldpay Inc has a 1 year low of $70.41 and a 1 year high of $119.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.95.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. Analysts expect that Worldpay Inc will post 4.29 earnings per share for the current fiscal year.

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About Worldpay

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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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