AMP Capital Investors Ltd Cuts Position in Worldpay Inc (WP)

AMP Capital Investors Ltd cut its stake in Worldpay Inc (NYSE:WP) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,506 shares of the business services provider’s stock after selling 20,881 shares during the period. AMP Capital Investors Ltd’s holdings in Worldpay were worth $15,322,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in shares of Worldpay during the 1st quarter valued at about $3,297,000. Bank of Montreal Can acquired a new stake in Worldpay during the 2nd quarter worth approximately $4,329,000. Daiwa Securities Group Inc. acquired a new stake in Worldpay during the 2nd quarter worth approximately $1,286,000. Raymond James Financial Services Advisors Inc. increased its position in Worldpay by 64.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,617 shares of the business services provider’s stock worth $786,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Worldpay by 10.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 139,643 shares of the business services provider’s stock worth $11,420,000 after purchasing an additional 13,340 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

WP has been the subject of a number of research analyst reports. Nomura reissued a “buy” rating and set a $105.00 target price (up previously from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. Citigroup increased their target price on shares of Worldpay from $94.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Buckingham Research increased their target price on shares of Worldpay from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Cowen reissued a “buy” rating on shares of Worldpay in a research report on Friday, August 10th. Finally, Robert W. Baird reissued a “buy” rating and set a $102.00 target price on shares of Worldpay in a research report on Friday, August 10th. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Worldpay currently has a consensus rating of “Buy” and a consensus price target of $101.03.

NYSE WP opened at $85.81 on Monday. The company has a market capitalization of $26.78 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.47 and a beta of 0.84. Worldpay Inc has a fifty-two week low of $70.56 and a fifty-two week high of $103.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97.

Worldpay (NYSE:WP) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. The firm 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%. Worldpay’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. As a group, sell-side analysts forecast that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.

In other news, insider Rohinton Kalifa sold 75,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $100.77, for a total transaction of $7,557,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Taylor sold 22,648 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total value of $2,221,542.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,324 shares of company stock valued at $12,695,256. 1.05% of the stock is owned by company insiders.

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About Worldpay

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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