Morgan Stanley Lowers Worldpay (WP) to Equal Weight

Worldpay (NYSE:WP) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the stock. Wedbush increased their target price on shares of Worldpay from $100.00 to $110.00 and gave the company an “average” rating in a report on Wednesday, February 27th. TheStreet upgraded shares of Worldpay from a “c” rating to a “b-” rating in a report on Wednesday, February 27th. ValuEngine upgraded shares of Worldpay from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Craig Hallum lowered their target price on shares of Worldpay from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, January 15th. Finally, Moffett Nathanson upgraded shares of Worldpay from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.65.

WP opened at $107.16 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 0.96. Worldpay has a 1-year low of $70.41 and a 1-year high of $112.00. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.80 and a beta of 0.88.



Worldpay (NYSE:WP) last released its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business’s revenue was up 84.5% on a year-over-year basis. On average, equities research analysts anticipate that Worldpay will post 4.25 earnings per share for the current year.

In other Worldpay news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $96.14, for a total transaction of $5,889,247.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher A. Thompson sold 13,592 shares of Worldpay stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $98.65, for a total transaction of $1,340,850.80. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. FTB Advisors Inc. lifted its position in Worldpay by 1.6% during the fourth quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 122 shares during the last quarter. Alps Advisors Inc. lifted its position in Worldpay by 2.7% during the fourth quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock valued at $409,000 after purchasing an additional 139 shares during the last quarter. Lourd Capital LLC lifted its position in Worldpay by 3.7% during the fourth quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 144 shares during the last quarter. Level Four Advisory Services LLC lifted its position in Worldpay by 6.2% during the fourth quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 161 shares during the last quarter. Finally, American International Group Inc. lifted its position in Worldpay by 1.9% during the fourth quarter. American International Group Inc. now owns 9,216 shares of the business services provider’s stock valued at $704,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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, Europe, and Asia. It operates in 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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Analyst Recommendations for Worldpay (NYSE:WP)

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