Foresters Investment Management Company Inc. grew its position in shares of Worldpay Inc (NYSE:WP) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,700 shares of the business services provider’s stock after buying an additional 11,900 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Worldpay were worth $4,639,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of WP. Oregon Public Employees Retirement Fund bought a new position in Worldpay during the fourth quarter valued at approximately $37,000. CWM LLC lifted its position in Worldpay by 124.7% during the fourth quarter. CWM LLC now owns 501 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 278 shares during the period. Karp Capital Management Corp bought a new position in Worldpay during the fourth quarter valued at approximately $38,000. Captrust Financial Advisors lifted its position in Worldpay by 399.1% during the fourth quarter. Captrust Financial Advisors now owns 559 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 447 shares during the period. Finally, Lavaca Capital LLC bought a new position in Worldpay during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.
A number of research analysts recently weighed in on WP shares. Wedbush increased their price objective on shares of Worldpay from $100.00 to $110.00 and gave the company an “average” rating in a research report on Wednesday, February 27th. TheStreet upgraded shares of Worldpay from a “c” rating to a “b-” rating in a research report on Wednesday, February 27th. ValuEngine upgraded shares of Worldpay from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Craig Hallum lowered their price objective on shares of Worldpay from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, January 15th. Finally, Mizuho restated a “buy” rating and set a $100.00 price objective on shares of Worldpay in a research report on Thursday, January 3rd. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Worldpay currently has an average rating of “Buy” and an average target price of $107.09.
WP opened at $97.49 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 0.96. Worldpay Inc has a 1-year low of $70.41 and a 1-year high of $103.50. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88.
Worldpay (NYSE:WP) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 84.5% on a year-over-year basis. On average, equities analysts anticipate that Worldpay Inc will post 4.25 EPS for the current year.
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. It operates in 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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