Eagle Asset Management Inc. purchased a new stake in Worldpay Inc (NYSE:WP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 524,813 shares of the business services provider’s stock, valued at approximately $38,764,000.
Separately, Boston Family Office LLC acquired a new position in Worldpay in the fourth quarter valued at approximately $484,000.
Several equities analysts have issued reports on WP shares. Zacks Investment Research raised Worldpay from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Worldpay in a research note on Tuesday, October 24th. BidaskClub raised Worldpay from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $74.00 price target on shares of Worldpay in a research note on Thursday, October 26th. Finally, Nomura dropped their price target on Worldpay from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.80.
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Worldpay Company Profile
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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