A number of other brokerages have also recently issued reports on WP. Keefe, Bruyette & Woods reiterated a buy rating and set a $99.00 price objective on shares of Worldpay in a report on Tuesday, March 6th. Guggenheim reaffirmed a buy rating and issued a $93.00 price objective on shares of Worldpay in a research report on Tuesday, March 6th. Bank of America lifted their price objective on shares of Worldpay from $82.00 to $86.00 and gave the stock a neutral rating in a research report on Monday, March 5th. Cowen reaffirmed an outperform rating and issued a $92.00 price objective (up previously from $84.00) on shares of Worldpay in a research report on Thursday, March 1st. Finally, Barclays lifted their price objective on shares of Worldpay from $90.00 to $92.00 and gave the stock an overweight rating in a research report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $83.59.
Shares of Worldpay (WP) traded down $0.62 during midday trading on Wednesday, reaching $84.41. 3,888,079 shares of the company were exchanged, compared to its average volume of 3,340,000. Worldpay has a fifty-two week low of $59.10 and a fifty-two week high of $85.53. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $26,360.00, a P/E ratio of 111.07, a PEG ratio of 1.55 and a beta of 0.62.
In other news, EVP Royal Cole sold 44,283 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $83.17, for a total value of $3,683,017.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly Martin sold 5,308 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.96, for a total transaction of $440,351.68. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Twin Tree Management LP purchased a new stake in shares of Worldpay in the 4th quarter valued at $651,000. Eagle Asset Management Inc. purchased a new stake in Worldpay during the 4th quarter valued at $38,764,000. Navellier & Associates Inc purchased a new stake in Worldpay during the 4th quarter valued at $3,503,000. Boston Family Office LLC purchased a new stake in Worldpay during the 4th quarter valued at $484,000. Finally, Quantitative Investment Management LLC purchased a new stake in Worldpay during the 4th quarter valued at $9,693,000.
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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