Shares of Worldpay Inc (NYSE:WP) have been assigned an average recommendation of “Hold” from the thirty-one research firms that are currently covering the company, Marketbeat reports. Sixteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $110.24.
Several brokerages have issued reports on WP. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, July 5th. Craig Hallum lowered Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $8.00 price objective on shares of Pacific Biosciences of California in a report on Friday, May 3rd. Barclays raised their price objective on Worldpay from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada raised Viacom from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $36.00 in a report on Thursday, April 4th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its holdings in Worldpay by 156.6% in the 1st quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 177 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in Worldpay by 131.2% in the 1st quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. CX Institutional purchased a new stake in Worldpay in the 1st quarter valued at approximately $38,000. Cornerstone Advisors Inc. boosted its holdings in Worldpay by 52.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 384 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 132 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in Worldpay by 28.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 110 shares in the last quarter. 91.78% of the stock is currently owned by hedge funds and other institutional investors.
Worldpay stock traded down $1.40 during midday trading on Friday, reaching $131.41. The company’s stock had a trading volume of 1,544,092 shares, compared to its average volume of 2,348,541. Worldpay has a fifty-two week low of $70.41 and a fifty-two week high of $133.63. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market cap of $41.33 billion, a P/E ratio of 35.71, a P/E/G ratio of 2.18 and a beta of 0.75. The stock’s 50-day moving average is $125.45.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.10. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $950.37 million. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that Worldpay will post 4.3 earnings per share for the current year.
Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.
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