Utah Retirement Systems raised its stake in Worldpay Inc (NYSE:WP) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,600 shares of the business services provider’s stock after acquiring an additional 1,500 shares during the period. Utah Retirement Systems’ holdings in Worldpay were worth $5,631,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Beacon Investment Advisory Services Inc. boosted its stake in Worldpay by 0.5% in the second quarter. Beacon Investment Advisory Services Inc. now owns 128,641 shares of the business services provider’s stock valued at $10,520,000 after acquiring an additional 622 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Worldpay by 19.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,059 shares of the business services provider’s stock worth $411,000 after buying an additional 660 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in shares of Worldpay by 1.6% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 44,006 shares of the business services provider’s stock worth $4,456,000 after buying an additional 696 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Worldpay by 1.9% during the second quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock worth $3,452,000 after buying an additional 773 shares during the period. Finally, First Mercantile Trust Co. boosted its position in shares of Worldpay by 10.6% during the third quarter. First Mercantile Trust Co. now owns 8,409 shares of the business services provider’s stock worth $851,000 after buying an additional 806 shares during the period. Institutional investors own 88.63% of the company’s stock.

Shares of NYSE:WP opened at $80.55 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97. Worldpay Inc has a 12-month low of $70.56 and a 12-month high of $103.50. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.41 and a beta of 0.79.

Worldpay (NYSE:WP) last announced its earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $0.90 EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.

In other news, COO Mark L. Heimbouch sold 29,676 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $98.26, for a total transaction of $2,915,963.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Several equities analysts have recently issued reports on WP shares. Nomura reiterated a “buy” rating and set a $105.00 price objective (up from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. Citigroup boosted their target price on Worldpay from $94.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Buckingham Research boosted their target price on Worldpay from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Cowen reissued a “buy” rating on shares of Worldpay in a report on Friday, August 10th. Finally, Robert W. Baird reissued a “buy” rating and set a $102.00 target price on shares of Worldpay in a report on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Worldpay has a consensus rating of “Buy” and a consensus price target of $101.03.

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Worldpay Company Profile

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 through 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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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