Oppenheimer & Co. Inc. Decreases Position in Worldpay Inc (WP)

Oppenheimer & Co. Inc. decreased its position in shares of Worldpay Inc (NYSE:WP) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 53,386 shares of the business services provider’s stock after selling 1,781 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Worldpay were worth $5,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. S&CO Inc. lifted its holdings in shares of Worldpay by 14.3% during the second quarter. S&CO Inc. now owns 4,970 shares of the business services provider’s stock worth $406,000 after purchasing an additional 620 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Worldpay by 0.5% during the second quarter. Beacon Investment Advisory Services Inc. now owns 128,641 shares of the business services provider’s stock worth $10,520,000 after purchasing an additional 622 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Worldpay by 1.9% during the second quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock worth $3,452,000 after purchasing an additional 773 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Worldpay by 29.6% during the second quarter. Wedbush Securities Inc. now owns 3,791 shares of the business services provider’s stock worth $310,000 after purchasing an additional 866 shares during the period. Finally, Monetary Management Group Inc. lifted its holdings in shares of Worldpay by 1.8% during the second quarter. Monetary Management Group Inc. now owns 50,940 shares of the business services provider’s stock worth $4,166,000 after purchasing an additional 900 shares during the period. 88.91% of the stock is owned by hedge funds and other institutional investors.

Worldpay stock opened at $90.41 on Friday. The company has a market capitalization of $28.99 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.57 and a beta of 0.70. Worldpay Inc has a 12 month low of $67.71 and a 12 month high of $103.50. 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 (NYSE:WP) last posted its quarterly earnings data on Thursday, August 9th. The business services provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $978.81 million. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. Worldpay’s revenue for the quarter was up 90.0% compared to the same quarter last year. As a group, equities analysts predict that Worldpay Inc will post 3.64 EPS for the current fiscal year.

In related news, COO Mark L. Heimbouch sold 29,676 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $98.26, for a total transaction of $2,915,963.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephanie Ferris sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $90.00, for a total value of $225,000.00. The disclosure for this sale can be found here. Insiders have sold 260,732 shares of company stock valued at $24,997,828 over the last quarter. 1.05% of the stock is owned by company insiders.

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $115.00 price target on shares of Worldpay in a research report on Thursday, October 4th. Bank of America upgraded Worldpay from a “neutral” rating to a “buy” rating and lifted their price target for the company from $106.00 to $118.00 in a research report on Wednesday, October 3rd. BMO Capital Markets assumed coverage on Worldpay in a research report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price target for the company. Wedbush lifted their price target on Worldpay from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, October 5th. Finally, KeyCorp lifted their price target on Worldpay from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, September 5th. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $100.59.

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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