Nomura Boosts Worldpay (NYSE:WP) Price Target to $125.00

Worldpay (NYSE:WP) had its price target boosted by Nomura from $120.00 to $125.00 in a report issued on Tuesday, October 23rd, The Fly reports. Nomura currently has a buy rating on the business services provider’s stock.

Several other research analysts also recently issued reports on the company. Mizuho upgraded Worldpay from a neutral rating to a buy rating and lifted their price objective for the stock from $88.00 to $125.00 in a research report on Wednesday, September 12th. Bank of America upgraded Worldpay from a neutral rating to a buy rating and lifted their price objective for the stock from $106.00 to $118.00 in a research report on Wednesday, October 3rd. KeyCorp lifted their price objective on Worldpay from $100.00 to $120.00 and gave the stock an overweight rating in a research report on Wednesday, September 5th. Keefe, Bruyette & Woods restated a buy rating and set a $115.00 price objective on shares of Worldpay in a research report on Thursday, October 4th. Finally, SunTrust Banks lifted their price objective on Worldpay to $95.00 and gave the stock a hold rating in a research report on Friday, August 10th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Worldpay has a consensus rating of Buy and a consensus target price of $100.59.

WP stock opened at $92.41 on Tuesday. Worldpay has a 12-month low of $67.96 and a 12-month 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. The company has a market cap of $28.90 billion, a PE ratio of 29.81, a P/E/G ratio of 1.57 and a beta of 0.84.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.09. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.81 million. Worldpay’s revenue was up 90.0% on a year-over-year basis. On average, analysts forecast that Worldpay will post 3.64 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. S&CO Inc. grew its stake in shares of Worldpay by 14.3% during the 2nd quarter. S&CO Inc. now owns 4,970 shares of the business services provider’s stock valued at $406,000 after buying an additional 620 shares during the period. Beacon Investment Advisory Services Inc. grew its stake in shares of Worldpay by 0.5% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 128,641 shares of the business services provider’s stock valued at $10,520,000 after buying an additional 622 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Worldpay by 1.6% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 44,006 shares of the business services provider’s stock valued at $4,456,000 after buying an additional 696 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Worldpay by 1.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock valued at $3,452,000 after buying an additional 773 shares during the period. Finally, Wedbush Securities Inc. grew its stake in shares of Worldpay by 29.6% during the 2nd quarter. Wedbush Securities Inc. now owns 3,791 shares of the business services provider’s stock valued at $310,000 after buying an additional 866 shares during the period. 89.19% of the stock is owned by institutional investors.

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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