Investors Buy Worldpay (WP) on Weakness

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Traders purchased shares of Worldpay Inc (NYSE:WP) on weakness during trading on Tuesday. $172.28 million flowed into the stock on the tick-up and $68.68 million flowed out of the stock on the tick-down, for a money net flow of $103.60 million into the stock. Of all equities tracked, Worldpay had the 2nd highest net in-flow for the day. Worldpay traded down ($1.34) for the day and closed at $112.08

Several research analysts recently commented on WP shares. KeyCorp reduced their price objective on shares of Worldpay from $120.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Atlantic Securities cut shares of Worldpay from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. ValuEngine cut shares of Worldpay from a “buy” rating to a “hold” rating in a report on Friday, January 4th. SunTrust Banks raised their price objective on shares of Worldpay to $92.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Finally, Deutsche Bank raised their price objective on shares of Worldpay from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $110.26.

The firm has a market cap of $34.82 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.75.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Worldpay had a return on equity of 10.80% and a net margin of 0.33%. The company’s quarterly revenue was up 84.5% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. On average, research analysts anticipate that Worldpay Inc will post 4.25 EPS for the current fiscal year.

In related news, EVP Royal Cole sold 61,257 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.14, for a total transaction of $5,889,247.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shane Happach sold 9,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $113.34, for a total value of $1,020,060.00. The disclosure for this sale can be found here. Insiders have sold 83,849 shares of company stock worth $8,250,159 over the last three months. Corporate insiders own 1.05% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WP. Oregon Public Employees Retirement Fund acquired a new position in shares of Worldpay in the 4th quarter valued at $37,000. CWM LLC boosted its position in shares of Worldpay by 124.7% in the 4th quarter. CWM LLC now owns 501 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 278 shares during the period. Karp Capital Management Corp acquired a new position in shares of Worldpay in the 4th quarter valued at $38,000. CX Institutional acquired a new position in shares of Worldpay in the 1st quarter valued at $38,000. Finally, Captrust Financial Advisors boosted its position in shares of Worldpay by 399.1% in the 4th 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 during the period. 91.29% of the stock is owned by institutional investors and hedge funds.

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Worldpay Company Profile (NYSE:WP)

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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