Strs Ohio cut its holdings in shares of Worldpay Inc (NYSE:WP) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,888 shares of the business services provider’s stock after selling 198,216 shares during the period. Worldpay comprises about 0.7% of Strs Ohio’s investment portfolio, making the stock its 26th biggest holding. Strs Ohio owned approximately 0.42% of Worldpay worth $148,104,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Worldpay by 1.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,315 shares of the business services provider’s stock worth $717,000 after purchasing an additional 120 shares during the last quarter. FTB Advisors Inc. lifted its holdings in Worldpay by 1.6% in the fourth quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after acquiring an additional 122 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Worldpay by 2.7% in the fourth quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after acquiring an additional 139 shares during the last quarter. Lourd Capital LLC lifted its holdings in Worldpay by 3.7% in the fourth quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after acquiring an additional 144 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in Worldpay by 6.2% in the fourth quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.
In related news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction on Monday, March 4th. The shares were sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher A. Thompson sold 13,592 shares of Worldpay stock in a transaction on Friday, March 15th. The stock was sold at an average price of $98.65, for a total transaction of $1,340,850.80. The disclosure for this sale can be found here. Insiders sold a total of 83,849 shares of company stock worth $8,250,159 in the last quarter. Insiders own 1.05% of the company’s stock.
Shares of NYSE:WP traded down $0.28 during trading on Friday, reaching $111.23. 1,917,506 shares of the company traded hands, compared to its average volume of 3,448,423. The firm has a market capitalization of $34.56 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Worldpay Inc has a 1-year low of $70.41 and a 1-year high of $115.68. 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 earnings results on Tuesday, February 26th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 84.5% on a year-over-year basis. Equities research analysts expect that Worldpay Inc will post 4.25 earnings per share for the current fiscal year.
WP has been the topic of a number of recent research reports. KeyCorp cut their target price on shares of Worldpay from $120.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Atlantic Securities lowered shares of Worldpay from an “overweight” rating to a “neutral” rating in a research note on Thursday, March 21st. ValuEngine lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. SunTrust Banks raised their price objective on shares of Worldpay to $92.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. Finally, Deutsche Bank raised their price objective on shares of Worldpay from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.26.
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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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