Worldpay Inc (WP) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of Worldpay Inc (NYSE:WP) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 589,684 shares of the business services provider’s stock after buying an additional 802 shares during the quarter. Janus Henderson Group PLC owned 0.19% of Worldpay worth $59,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new position in Worldpay during the 3rd quarter worth $112,000. Rational Advisors LLC purchased a new position in Worldpay during the 3rd quarter worth $122,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Worldpay during the 3rd quarter worth $146,000. Fort L.P. purchased a new position in Worldpay during the 2nd quarter worth $120,000. Finally, Sapphire Star Partners LP purchased a new stake in Worldpay during the 3rd quarter valued at about $184,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

WP has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on Worldpay from $101.00 to $103.00 and gave the company a “top pick” rating in a research note on Friday, August 10th. Cantor Fitzgerald boosted their price target on Worldpay from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. KeyCorp boosted their price target on Worldpay from $93.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. SunTrust Banks boosted their price target on Worldpay to $95.00 and gave the company a “hold” rating in a research note on Friday, August 10th. Finally, Guggenheim reiterated a “buy” rating and set a $101.00 price target on shares of Worldpay in a research note on Friday, August 10th. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.03.

Shares of WP stock opened at $85.81 on Friday. The stock has a market capitalization of $26.71 billion, a PE ratio of 24.24, a P/E/G ratio of 1.46 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.72. Worldpay Inc has a 52-week low of $70.56 and a 52-week high of $103.50.

Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts expect that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.

In other news, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total value of $2,221,542.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mark L. Heimbouch sold 29,676 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $98.26, for a total value of $2,915,963.76. The disclosure for this sale can be found here. In the last three months, insiders sold 127,324 shares of company stock valued at $12,695,256. Insiders own 1.05% of the company’s stock.

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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.

Further Reading: Why does a company issue an IPO?

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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