Worldpay Inc (NYSE:WP) Receives Average Rating of “Hold” from Analysts

Worldpay Inc (NYSE:WP) has been given a consensus rating of “Hold” by the thirty-one analysts that are presently covering the firm, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $110.24.

WP has been the subject of several analyst reports. Craig Hallum cut Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $8.00 price objective on shares of Pacific Biosciences of California in a report on Friday, May 3rd. Barclays boosted their price objective on Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Royal Bank of Canada raised Viacom from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $31.00 to $36.00 in a report on Thursday, April 4th. Finally, Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, July 5th.

Worldpay stock traded down $1.40 during trading hours on Friday, hitting $131.41. 1,544,092 shares of the stock traded hands, compared to its average volume of 2,348,541. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average price is $125.45. The firm has a market capitalization of $41.33 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 2.18 and a beta of 0.75. Worldpay has a 1 year low of $70.41 and a 1 year high of $133.63.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The business had revenue of $970.00 million for the quarter, compared to the consensus estimate of $950.37 million. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. Sell-side analysts expect that Worldpay will post 4.3 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Worldpay by 156.6% during the first quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 177 shares during the last quarter. Berman Capital Advisors LLC grew its position in shares of Worldpay by 131.2% in the first quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. CX Institutional purchased a new stake in shares of Worldpay in the first quarter valued at approximately $38,000. Captrust Financial Advisors grew its position in shares of Worldpay by 399.1% in the fourth quarter. Captrust Financial Advisors now owns 559 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 447 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its position in shares of Worldpay by 52.4% in the first quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 132 shares in the last quarter. 91.78% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Worldpay (NYSE:WP)

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