Worldpay Inc (NYSE:WP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $85.99 and last traded at $85.38, with a volume of 108157 shares. The stock had previously closed at $85.08.
A number of research analysts recently issued reports on WP shares. JPMorgan Chase & Co. boosted their price objective on shares of Worldpay to $94.00 and gave the company an “overweight” rating in a report on Thursday, March 1st. TheStreet cut shares of Worldpay from a “b” rating to a “c+” rating in a report on Monday, April 30th. Deutsche Bank boosted their price objective on shares of Worldpay from $82.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Craig Hallum boosted their price objective on shares of Worldpay from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Northcoast Research restated a “neutral” rating on shares of Worldpay in a report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Worldpay presently has a consensus rating of “Buy” and an average target price of $85.60.
The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.56 and a beta of 0.55. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.74.
In other news, CFO Stephanie Ferris sold 7,790 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $80.92, for a total value of $630,366.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles Drucker sold 85,000 shares of the business’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $82.20, for a total transaction of $6,987,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 143,493 shares of company stock worth $11,730,899. 1.05% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in WP. Pendal Group Ltd bought a new stake in Worldpay during the first quarter worth $108,000. Robecosam AG bought a new stake in Worldpay during the first quarter worth $123,000. SWS Partners bought a new stake in Worldpay during the first quarter worth $128,000. Envestnet Asset Management Inc. bought a new stake in Worldpay during the first quarter worth $134,000. Finally, IFP Advisors Inc bought a new stake in Worldpay during the first quarter worth $208,000.
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.
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