Chicago Equity Partners LLC Purchases New Position in Worldpay Inc (WP)

Chicago Equity Partners LLC purchased a new position in shares of Worldpay Inc (NYSE:WP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,430 shares of the business services provider’s stock, valued at approximately $752,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new stake in Worldpay during the 3rd quarter valued at about $112,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Worldpay during the 3rd quarter valued at about $146,000. Fort L.P. bought a new stake in Worldpay during the 2nd quarter valued at about $120,000. Cerebellum GP LLC bought a new stake in Worldpay during the 3rd quarter valued at about $196,000. Finally, Concorde Asset Management LLC bought a new stake in Worldpay during the 3rd quarter valued at about $203,000. 89.60% of the stock is owned by hedge funds and other institutional investors.

NYSE:WP opened at $82.77 on Friday. Worldpay Inc has a one year low of $69.63 and a one year high of $103.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $27.21 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $1.05 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts forecast that Worldpay Inc will post 3.64 earnings per share for the current year.

A number of equities research analysts recently weighed in on WP shares. Royal Bank of Canada lifted their price objective on shares of Worldpay from $101.00 to $103.00 and gave the company a “top pick” rating in a report on Friday, August 10th. Bank of America upgraded shares of Worldpay from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $106.00 to $118.00 in a report on Wednesday, October 3rd. Wedbush lifted their price objective on shares of Worldpay from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, October 5th. KeyCorp lifted their price objective on shares of Worldpay from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, September 5th. Finally, Nomura reiterated a “buy” rating and set a $105.00 price objective (up previously from $93.00) on shares of Worldpay in a report on Sunday, August 12th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.14.

In related news, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total transaction of $2,221,542.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was 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. In the last quarter, insiders have sold 127,324 shares of company stock valued at $12,695,256. 1.05% of the stock is currently owned by company insiders.

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

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