Worldpay Inc (WP) CEO Philip Jansen Sells 130,908 Shares
Worldpay Inc (NYSE:WP) CEO Philip Jansen sold 130,908 shares of Worldpay stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $92.26, for a total transaction of $12,077,572.08. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE:WP traded up $1.75 during mid-day trading on Friday, reaching $94.49. The company had a trading volume of 2,355,538 shares, compared to its average volume of 3,086,023. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $16.39 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. Worldpay Inc has a one year low of $67.71 and a one year high of $94.57.
Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The company’s revenue for the quarter was up 90.0% compared to the same quarter last year. research analysts predict that Worldpay Inc will post 3.6 earnings per share for the current year.
Several research firms have commented on WP. Stephens reissued a “buy” rating and set a $97.00 target price on shares of Worldpay in a research report on Sunday, August 12th. Raymond James reissued a “buy” rating and set a $111.00 target price on shares of Worldpay in a research report on Wednesday. Piper Jaffray Companies reissued a “hold” rating and set a $105.00 target price on shares of Worldpay in a research report on Thursday. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Cantor Fitzgerald lifted their target price on shares of Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $92.55.
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. 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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