IFP Advisors Inc decreased its position in shares of Worldpay Inc (NYSE:WP) by 52.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,559 shares of the business services provider’s stock after selling 2,787 shares during the period. IFP Advisors Inc’s holdings in Worldpay were worth $195,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in WP. Lavaca Capital LLC acquired a new position in shares of Worldpay during the fourth quarter valued at about $69,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Worldpay during the fourth quarter valued at about $84,000. TRUE Private Wealth Advisors acquired a new position in shares of Worldpay during the third quarter valued at about $112,000. Rational Advisors LLC acquired a new position in shares of Worldpay during the third quarter valued at about $122,000. Finally, Ayalon Holdings Ltd. acquired a new position in shares of Worldpay during the fourth quarter valued at about $97,000. 88.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Worldpay stock opened at $85.18 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.34 and a beta of 0.84. Worldpay Inc has a 1-year low of $70.41 and a 1-year high of $103.50.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts anticipate that Worldpay Inc will post 3.6 EPS for the current year.
Several research firms recently issued reports on WP. Stephens reissued a “buy” rating and issued a $102.00 price target on shares of Worldpay in a research report on Tuesday, December 11th. Mizuho reissued a “buy” rating and issued a $100.00 price target on shares of Worldpay in a research report on Thursday, January 3rd. Nomura increased their price target on shares of Worldpay from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Wedbush dropped their price target on shares of Worldpay from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, January 29th. Finally, ValuEngine lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Five research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Worldpay has a consensus rating of “Buy” and an average target price of $100.00.
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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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