Worldpay (NYSE:WP) had its target price upped by Barclays from $131.00 to $136.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an overweight rating on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. Guggenheim downgraded shares of Worldpay from a buy rating to a neutral rating and set a $97.35 target price for the company. in a research report on Monday, March 4th. They noted that the move was a valuation call. KeyCorp reduced their target price on shares of Worldpay from $120.00 to $90.00 and set an overweight rating for the company in a research report on Wednesday, January 2nd. Craig Hallum reduced their target price on shares of Worldpay from $110.00 to $95.00 and set a buy rating for the company in a research report on Tuesday, January 15th. Royal Bank of Canada downgraded shares of Worldpay from a top pick rating to an outperform rating and increased their target price for the company from $103.00 to $107.00 in a research report on Tuesday, December 18th. They noted that the move was a valuation call. Finally, Moffett Nathanson raised shares of Worldpay from a neutral rating to a buy rating in a research report on Monday, January 7th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Worldpay has an average rating of Buy and a consensus price target of $110.26.

WP stock opened at $112.77 on Wednesday. The firm has a market capitalization of $35.53 billion, a P/E ratio of 30.64, a PEG ratio of 1.89 and a beta of 0.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Worldpay has a 12-month low of $70.41 and a 12-month high of $115.68.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The business’s quarterly revenue was up 84.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities analysts anticipate that Worldpay will post 4.25 earnings per share for the current fiscal year.

In other Worldpay news, VP Shane Happach sold 9,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $113.34, for a total value of $1,020,060.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Royal Cole sold 61,257 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $96.14, for a total transaction of $5,889,247.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,849 shares of company stock worth $8,250,159. 1.05% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Worldpay by 1.9% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,315 shares of the business services provider’s stock worth $717,000 after purchasing an additional 120 shares during the period. FTB Advisors Inc. lifted its position in shares of Worldpay by 1.6% in the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after purchasing an additional 122 shares during the period. Alps Advisors Inc. lifted its position in shares of Worldpay by 2.7% in the 4th quarter. Alps Advisors Inc. now owns 5,348 shares of the business services provider’s stock worth $409,000 after purchasing an additional 139 shares during the period. Lourd Capital LLC lifted its position in shares of Worldpay by 3.7% in the 4th quarter. Lourd Capital LLC now owns 4,019 shares of the business services provider’s stock worth $307,000 after purchasing an additional 144 shares during the period. Finally, Level Four Advisory Services LLC lifted its position in shares of Worldpay by 6.2% in the 4th quarter. Level Four Advisory Services LLC now owns 2,751 shares of the business services provider’s stock worth $210,000 after purchasing an additional 161 shares during the period. 91.27% of the stock is currently owned by institutional investors and hedge funds.

Worldpay Company 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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