MERIAN GLOBAL INVESTORS UK Ltd Has $156.15 Million Stake in Worldpay Inc (WP)

MERIAN GLOBAL INVESTORS UK Ltd reduced its position in Worldpay Inc (NYSE:WP) by 6.3% in the first quarter, HoldingsChannel.com reports. The fund owned 1,394,836 shares of the business services provider’s stock after selling 93,747 shares during the quarter. Worldpay makes up about 1.4% of MERIAN GLOBAL INVESTORS UK Ltd’s holdings, making the stock its 24th biggest holding. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Worldpay were worth $156,145,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Associated Banc Corp lifted its position in Worldpay by 15.2% during the first quarter. Associated Banc Corp now owns 153,242 shares of the business services provider’s stock valued at $17,393,000 after purchasing an additional 20,197 shares during the last quarter. Independent Advisor Alliance bought a new stake in Worldpay during the first quarter valued at approximately $599,000. Svenska Handelsbanken AB publ lifted its position in Worldpay by 289.3% during the first quarter. Svenska Handelsbanken AB publ now owns 72,800 shares of the business services provider’s stock valued at $8,263,000 after purchasing an additional 54,100 shares during the last quarter. Adelphi Capital LLP lifted its position in Worldpay by 10.6% during the first quarter. Adelphi Capital LLP now owns 2,065,896 shares of the business services provider’s stock valued at $234,479,000 after purchasing an additional 198,293 shares during the last quarter. Finally, Exane Asset Management bought a new stake in Worldpay during the first quarter valued at approximately $3,584,000. Institutional investors own 89.35% of the company’s stock.

Shares of NYSE WP opened at $119.58 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. Worldpay Inc has a 52 week low of $70.41 and a 52 week high of $121.05. The firm has a market capitalization of $37.51 billion, a P/E ratio of 32.49, a PEG ratio of 1.95 and a beta of 0.90.



Worldpay (NYSE:WP) last issued its earnings results on Thursday, May 2nd. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.84 by $0.10. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $950.37 million. During the same period in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts anticipate that Worldpay Inc will post 4.29 earnings per share for the current fiscal year.

Several brokerages have issued reports on WP. Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Barclays lifted their target price on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Cowen lowered shares of Worldpay from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 19th. Robert W. Baird lifted their target price on shares of Worldpay from $102.00 to $106.00 and gave the company an “outperform” rating in a research report on Tuesday, February 26th. Finally, Deutsche Bank lifted their target price on shares of Worldpay from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Fifteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.44.

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 transaction of $1,340,850.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Over the last ninety days, insiders sold 83,849 shares of company stock worth $8,250,159. 0.82% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “MERIAN GLOBAL INVESTORS UK Ltd Has $156.15 Million Stake in Worldpay Inc (WP)” was published by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://dakotafinancialnews.com/2019/05/17/merian-global-investors-uk-ltd-has-156-15-million-stake-in-worldpay-inc-wp.html.

Worldpay Profile

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

Read More: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding WP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worldpay Inc (NYSE:WP).

Institutional Ownership by Quarter for Worldpay (NYSE:WP)

Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.