Worldpay Inc (NYSE:WP) Shares Bought by Suvretta Capital Management LLC

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Suvretta Capital Management LLC raised its position in Worldpay Inc (NYSE:WP) by 62.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,037,510 shares of the business services provider’s stock after acquiring an additional 779,610 shares during the quarter. Worldpay accounts for about 5.3% of Suvretta Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Suvretta Capital Management LLC’s holdings in Worldpay were worth $249,697,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WP. ETF Managers Group LLC grew its position in shares of Worldpay by 39.6% during the second quarter. ETF Managers Group LLC now owns 262,119 shares of the business services provider’s stock worth $32,301,000 after buying an additional 74,329 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Worldpay during the second quarter worth approximately $1,754,000. Echo Street Capital Management LLC grew its position in shares of Worldpay by 5.5% during the second quarter. Echo Street Capital Management LLC now owns 325,577 shares of the business services provider’s stock worth $39,899,000 after buying an additional 16,890 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Worldpay by 9.6% during the second quarter. Asset Management One Co. Ltd. now owns 173,025 shares of the business services provider’s stock worth $21,202,000 after buying an additional 15,128 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Worldpay by 1,523.8% during the second quarter. Tower Research Capital LLC TRC now owns 10,441 shares of the business services provider’s stock worth $1,279,000 after buying an additional 9,798 shares in the last quarter. 90.76% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on WP shares. Citigroup set a $152.00 price target on shares of Worldpay and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $114.73.

Worldpay stock remained flat at $$135.00 during mid-day trading on Monday. The stock has a market capitalization of $42.01 billion, a P/E ratio of 36.68, a PEG ratio of 2.26 and a beta of 0.75. The stock has a fifty day simple moving average of $135.14 and a two-hundred day simple moving average of $121.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95. Worldpay Inc has a 1-year low of $70.41 and a 1-year high of $138.22.

Worldpay Profile

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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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