Ardevora Asset Management LLP Has $27.65 Million Position in Worldpay Inc (WP)

Ardevora Asset Management LLP decreased its position in Worldpay Inc (NYSE:WP) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,984 shares of the business services provider’s stock after selling 56,300 shares during the quarter. Ardevora Asset Management LLP owned 0.09% of Worldpay worth $27,645,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in Worldpay by 3.1% in the second quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after purchasing an additional 474,679 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Worldpay by 0.6% in 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 last quarter. Flossbach Von Storch AG increased its stake in Worldpay by 13.8% in 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 last quarter. FMR LLC increased its stake in Worldpay by 21.3% in the second quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock valued at $381,356,000 after purchasing an additional 818,712 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Worldpay by 1.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,774,136 shares of the business services provider’s stock valued at $280,936,000 after purchasing an additional 34,849 shares during the last quarter. 88.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Mark L. Heimbouch sold 29,676 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephanie Ferris sold 2,500 shares of the stock in a transaction 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. Over the last ninety days, insiders have sold 260,732 shares of company stock valued at $24,997,828. Corporate insiders own 1.05% of the company’s stock.



Shares of NYSE WP opened at $91.84 on Thursday. 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 $67.96 and a 1-year high of $103.50. The firm has a market cap of $28.21 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.46 and a beta of 0.70.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.81 million. Worldpay’s quarterly revenue was up 90.0% on a year-over-year basis. On average, sell-side analysts predict that Worldpay Inc will post 3.64 earnings per share for the current fiscal year.

WP has been the topic of several recent analyst reports. Raymond James increased their price target on shares of Worldpay from $98.00 to $99.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 10th. Zacks Investment Research lowered shares of Worldpay from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Robert W. Baird increased their price target on shares of Worldpay from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, July 16th. Wolfe Research started coverage on shares of Worldpay in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada raised their target price on shares of Worldpay from $101.00 to $103.00 and gave the stock a “top pick” rating in a research report on Friday, August 10th. Five 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. The company presently has a consensus rating of “Buy” and an average target price of $100.59.

Worldpay Company Profile

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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