Worldpay Inc (WP) Stake Lowered by Oakbrook Investments LLC

Share on StockTwits

Oakbrook Investments LLC reduced its holdings in Worldpay Inc (NYSE:WP) by 50.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,125 shares of the business services provider’s stock after selling 6,325 shares during the quarter. Oakbrook Investments LLC’s holdings in Worldpay were worth $695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in 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. raised its holdings in Worldpay by 1.6% during the fourth quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after purchasing an additional 122 shares during the last quarter. Alps Advisors Inc. increased its position in Worldpay by 2.7% during the fourth quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after buying an additional 139 shares in the last quarter. Lourd Capital LLC increased its position in Worldpay by 3.7% during the fourth quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after buying an additional 144 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its position in Worldpay by 6.2% during the fourth quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after buying an additional 161 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

In other Worldpay news, VP Shane Happach sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $113.34, for a total value of $1,020,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Royal Cole sold 61,257 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The disclosure for this sale can be found here. Insiders sold a total of 83,849 shares of company stock valued at $8,250,159 over the last three months. Corporate insiders own 0.82% of the company’s stock.

A number of equities research analysts have recently commented on WP shares. Royal Bank of Canada lifted their price objective on Worldpay from $110.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Barclays lifted their price objective on Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Craig Hallum lifted their price objective on Worldpay from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 25th. BMO Capital Markets downgraded Worldpay from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $138.00 to $112.00 in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods downgraded Worldpay from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $105.00 to $111.00 in a research report on Tuesday, March 19th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Worldpay currently has an average rating of “Buy” and an average price target of $110.26.

NYSE:WP opened at $111.23 on Monday. The company has a market cap of $34.56 billion, a PE ratio of 30.23, a P/E/G ratio of 1.84 and a beta of 0.91. Worldpay Inc has a 52 week low of $70.41 and a 52 week high of $115.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.96 and a quick ratio of 0.96.

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

WARNING: “Worldpay Inc (WP) Stake Lowered by Oakbrook Investments LLC” was originally published by Equities Focus and is the sole property of of Equities Focus. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.equitiesfocus.com/2019/04/22/worldpay-inc-wp-stake-lowered-by-oakbrook-investments-llc.html.

Worldpay Profile

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding WP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worldpay Inc (NYSE:WP).

Institutional Ownership by Quarter for Worldpay (NYSE:WP)

Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.