Worldpay Inc (WP) Shares Sold by HM Payson & Co.

HM Payson & Co. decreased its stake in Worldpay Inc (NYSE:WP) by 65.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,919 shares of the business services provider’s stock after selling 53,679 shares during the quarter. HM Payson & Co.’s holdings in Worldpay were worth $2,828,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. TRUE Private Wealth Advisors acquired a new position in shares of Worldpay during the 3rd quarter worth $112,000. Fort L.P. acquired a new position in shares of Worldpay during the 2nd quarter worth $120,000. Rational Advisors LLC acquired a new position in shares of Worldpay during the 3rd quarter worth $122,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Worldpay during the 3rd quarter worth $146,000. Finally, Sapphire Star Partners LP acquired a new position in shares of Worldpay during the 3rd quarter worth $184,000. Institutional investors own 90.82% of the company’s stock.

NYSE:WP opened at $85.81 on Friday. Worldpay Inc has a 1 year low of $70.56 and a 1 year high of $103.50. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $26.71 billion, a P/E ratio of 27.68, a PEG ratio of 1.46 and a beta of 0.84.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Worldpay Inc will post 3.6 EPS for the current year.

In other Worldpay news, COO Mark L. Heimbouch sold 29,676 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $98.26, for a total value of $2,915,963.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rohinton Kalifa sold 75,000 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The disclosure for this sale can be found here. Over 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.

Several research analysts have recently commented on the stock. Piper Jaffray Companies restated a “hold” rating and set a $105.00 price target on shares of Worldpay in a research note on Thursday, August 16th. Credit Suisse Group increased their price target on shares of Worldpay from $87.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Nomura increased their price target on shares of Worldpay from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. BMO Capital Markets assumed coverage on shares of Worldpay in a research note on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price target on the stock. Finally, Mizuho restated a “hold” rating and set a $88.00 price target on shares of Worldpay in a research note on Friday, August 10th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Worldpay presently has a consensus rating of “Buy” and a consensus target price of $101.03.

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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.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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