Vivaldi Capital Management LLC Acquires Shares of 26,900 Worldpay Inc (NYSE:WP)

Vivaldi Capital Management LLC acquired a new stake in shares of Worldpay Inc (NYSE:WP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,900 shares of the business services provider’s stock, valued at approximately $1,648,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Worldpay by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,790,176 shares of the business services provider’s stock worth $213,145,000 after acquiring an additional 182,470 shares in the last quarter. Comerica Bank grew its position in shares of Worldpay by 5.8% in the 1st quarter. Comerica Bank now owns 10,976 shares of the business services provider’s stock worth $1,238,000 after acquiring an additional 605 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Worldpay by 52.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock worth $44,000 after acquiring an additional 132 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Worldpay in the 1st quarter worth approximately $279,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Worldpay in the 1st quarter worth approximately $620,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Worldpay stock remained flat at $$135.00 during mid-day trading on Friday. The firm has a fifty day moving average of $135.00 and a two-hundred day moving average of $122.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $42.01 billion, a PE ratio of 36.68, a PEG ratio of 2.26 and a beta of 0.75. Worldpay Inc has a twelve month low of $70.41 and a twelve month high of $138.22.



Several analysts recently issued reports on WP shares. Citigroup set a $152.00 price target on Worldpay and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research downgraded Worldpay from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $114.73.

About Worldpay

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.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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