Insider Selling: Worldpay Inc (WP) SVP Sells 14,127 Shares of Stock
Worldpay Inc (NYSE:WP) SVP Christopher A. Thompson sold 14,127 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $83.82, for a total value of $1,184,125.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Worldpay stock opened at $83.32 on Thursday. Worldpay Inc has a one year low of $59.10 and a one year high of $85.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 9.31. The firm has a market capitalization of $14,759.52, a PE ratio of 105.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62.
Worldpay (NYSE:WP) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The company had revenue of $569.00 million during the quarter, compared to analyst estimates of $563.04 million. During the same period in the previous year, the company posted $0.75 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. equities research analysts expect that Worldpay Inc will post 3.59 EPS for the current fiscal year.
A number of equities analysts have commented on WP shares. BMO Capital Markets raised Worldpay from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered Worldpay from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Goldman Sachs reaffirmed a “buy” rating and set a $96.00 price target on shares of Worldpay in a research note on Wednesday, January 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $93.00 price target on shares of Worldpay in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. upped their price target on Worldpay to $94.00 and gave the company an “overweight” rating in a research note on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Worldpay has a consensus rating of “Buy” and an average target price of $83.59.
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Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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