Worldpay Inc (NYSE:WP) – Stock analysts at Northcoast Research lifted their FY2019 earnings per share estimates for shares of Worldpay in a research report issued on Wednesday, February 27th. Northcoast Research analyst K. Mehta now forecasts that the business services provider will post earnings per share of $4.23 for the year, up from their prior forecast of $4.10.
Get Worldpay alerts:Other analysts also recently issued reports about the company. Stephens reissued a “buy” rating and set a $102.00 price objective on shares of Worldpay in a research report on Tuesday, December 11th. Deutsche Bank raised their target price on Worldpay from $100.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Wedbush raised their target price on Worldpay from $100.00 to $110.00 and gave the company an “average” rating in a report on Wednesday, February 27th. Mizuho restated a “buy” rating and set a $100.00 target price on shares of Worldpay in a report on Thursday, January 3rd. Finally, Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a report on Saturday. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $107.09.
Shares of NYSE:WP opened at $95.61 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $27.71 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84. Worldpay has a 12-month low of $70.41 and a 12-month high of $103.50.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The company’s quarterly revenue was up 84.5% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS.
In other news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.05% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FTB Advisors Inc. boosted its stake in shares of Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock valued at $610,000 after buying an additional 122 shares during the period. Alps Advisors Inc. lifted its stake in Worldpay by 2.7% during the fourth quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after purchasing an additional 139 shares during the last quarter. Lourd Capital LLC lifted its stake in Worldpay by 3.7% during the fourth quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after purchasing an additional 144 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in Worldpay by 6.2% during the fourth quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after purchasing an additional 161 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Worldpay by 1.9% during the fourth quarter. American International Group Inc. now owns 9,216 shares of the business services provider’s stock worth $704,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.
About Worldpay
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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