Worldpay Inc (WP) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its holdings in shares of Worldpay Inc (NYSE:WP) by 84.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,393 shares of the business services provider’s stock after selling 40,044 shares during the period. GSA Capital Partners LLP’s holdings in Worldpay were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Worldpay during the first quarter valued at $1,259,235,000. Canada Pension Plan Investment Board increased its holdings in shares of Worldpay by 0.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after purchasing an additional 65,400 shares during the period. Select Equity Group L.P. acquired a new position in shares of Worldpay during the first quarter valued at $709,395,000. Flossbach Von Storch AG increased its holdings in shares of Worldpay by 13.8% during the second quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock valued at $532,195,000 after purchasing an additional 790,060 shares during the period. Finally, FIL Ltd acquired a new position in shares of Worldpay during the first quarter valued at $242,467,000. 89.02% of the stock is currently owned by institutional investors.

In other Worldpay news, EVP Matt Taylor sold 22,648 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total transaction of $2,221,542.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Jansen sold 130,908 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $92.26, for a total value of $12,077,572.08. The disclosure for this sale can be found here. Insiders sold a total of 156,056 shares of company stock valued at $14,524,114 in the last quarter. 1.05% of the stock is currently owned by corporate insiders.



WP has been the topic of a number of research analyst reports. TheStreet raised Worldpay from a “c+” rating to a “b-” rating in a report on Monday, May 21st. Raymond James initiated coverage on Worldpay in a report on Friday, June 15th. They set a “strong-buy” rating and a $98.00 target price on the stock. Morgan Stanley lifted their target price on Worldpay from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, June 28th. Zacks Investment Research lowered Worldpay from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Finally, Robert W. Baird lifted their target price on Worldpay from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Worldpay presently has an average rating of “Buy” and an average target price of $96.86.

NYSE:WP opened at $98.96 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Worldpay Inc has a 1-year low of $67.71 and a 1-year high of $101.39. The firm has a market capitalization of $31.11 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.71 and a beta of 0.71.

Worldpay (NYSE:WP) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.09. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.81 million. The company’s revenue for the quarter was up 90.0% compared to the same quarter last year. research analysts expect that Worldpay Inc will post 3.64 EPS for the current fiscal year.

About Worldpay

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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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