Principal Financial Group Inc. lowered its stake in shares of Worldpay Inc (NYSE:WP) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,897 shares of the business services provider’s stock after selling 4,373 shares during the period. Principal Financial Group Inc.’s holdings in Worldpay were worth $1,521,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new stake in shares of Worldpay during the 4th quarter valued at $37,000. CWM LLC lifted its holdings in shares of Worldpay by 124.7% during 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 last quarter. Karp Capital Management Corp purchased a new stake in shares of Worldpay during the 4th quarter valued at $38,000. Captrust Financial Advisors lifted its holdings in shares of Worldpay by 399.1% during 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 last quarter. Finally, Lavaca Capital LLC purchased a new stake in shares of Worldpay during the 4th quarter valued at $69,000. Institutional investors own 91.29% of the company’s stock.
Several analysts have recently commented on the company. Barclays increased 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 increased their price objective on Worldpay from $110.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Craig Hallum increased their price objective on Worldpay from $115.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 25th. Wedbush lowered Worldpay from an “outperform” rating to a “neutral” rating and set a $107.06 price objective for the company. in a report on Thursday, March 21st. Finally, Atlantic Securities lowered Worldpay from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $110.26.
Shares of WP opened at $111.23 on Friday. The stock has a market cap of $34.56 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 1.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 0.96. Worldpay Inc has a fifty-two week low of $70.41 and a fifty-two week high of $115.68.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Worldpay had a return on equity of 10.80% and a net margin of 0.33%. The firm’s revenue for the quarter was up 84.5% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. On average, analysts expect that Worldpay Inc will post 4.25 EPS for the current year.
In other Worldpay news, EVP Royal Cole sold 61,257 shares of the 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 filing with the SEC, which is available through this link. Also, insider Christopher A. Thompson sold 13,592 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $98.65, for a total value of $1,340,850.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,849 shares of company stock worth $8,250,159 over the last ninety days. 1.05% of the stock is owned by insiders.
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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