Wedbush Lowers Worldpay (WP) to Neutral

Wedbush downgraded shares of Worldpay (NYSE:WP) from an outperform rating to a neutral rating in a report released on Thursday morning, MarketBeat.com reports. They currently have $107.06 price target on the business services provider’s stock.

Other research analysts have also recently issued reports about the stock. Atlantic Securities cut shares of Worldpay from an overweight rating to a neutral rating in a report on Thursday. Stephens restated a buy rating and set a $102.00 price target on shares of Worldpay in a report on Tuesday, December 11th. Deutsche Bank raised their price target on shares of Worldpay from $100.00 to $107.00 and gave the stock a buy rating in a report on Wednesday, February 27th. Mizuho reiterated a buy rating and issued a $100.00 target price on shares of Worldpay in a research note on Thursday, January 3rd. Finally, Zacks Investment Research upgraded shares of Worldpay from a sell rating to a hold rating in a research note on Saturday, March 2nd. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $107.22.

Shares of WP opened at $110.39 on Thursday. The company has a market capitalization of $34.26 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. 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 12-month low of $70.41 and a 12-month high of $112.90.



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

In other Worldpay news, insider Christopher A. Thompson sold 13,592 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $98.65, for a total value of $1,340,850.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Royal Cole sold 61,257 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

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

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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