Worldpay (WP) – Investment Analysts’ Weekly Ratings Updates

Worldpay (NYSE: WP) has recently received a number of price target changes and ratings updates:

  • 2/9/2019 – Worldpay was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “
  • 2/2/2019 – Worldpay was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “
  • 1/29/2019 – Worldpay had its price target lowered by analysts at Wedbush from $120.00 to $100.00. They now have an “outperform” rating on the stock.
  • 1/28/2019 – Worldpay is now covered by analysts at Jefferies Financial Group Inc. They set a “hold” rating and a $85.00 price target on the stock.
  • 1/26/2019 – Worldpay was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “
  • 1/19/2019 – Worldpay was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “
  • 1/19/2019 – Worldpay was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/15/2019 – Worldpay had its price target lowered by analysts at Craig Hallum from $110.00 to $95.00. They now have a “buy” rating on the stock.
  • 1/12/2019 – Worldpay was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “
  • 1/7/2019 – Worldpay was upgraded by analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating.
  • 1/4/2019 – Worldpay was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/3/2019 – Worldpay had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $100.00 price target on the stock.
  • 1/2/2019 – Worldpay had its price target lowered by analysts at KeyCorp from $120.00 to $90.00. They now have an “overweight” rating on the stock.
  • 12/18/2018 – Worldpay was downgraded by analysts at Royal Bank of Canada from a “top pick” rating to an “outperform” rating. They now have a $107.00 price target on the stock, up previously from $103.00. They noted that the move was a valuation call. They noted that the move was a valuation call.

NYSE:WP traded up $0.13 during trading hours on Monday, reaching $85.83. The stock had a trading volume of 1,831,364 shares, compared to its average volume of 2,268,347. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. Worldpay Inc has a 52 week low of $70.41 and a 52 week high of $103.50. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.35 and a beta of 0.84.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that Worldpay Inc will post 3.6 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in WP. FMR LLC increased its stake in Worldpay by 21.3% in the 2nd quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock worth $381,356,000 after acquiring an additional 818,712 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Worldpay by 1.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock valued at $3,452,000 after purchasing an additional 773 shares during the last quarter. United Services Automobile Association increased its position in shares of Worldpay by 2.0% during the 2nd quarter. United Services Automobile Association now owns 55,705 shares of the business services provider’s stock valued at $4,556,000 after purchasing an additional 1,100 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Worldpay during the 3rd quarter valued at approximately $911,000. Finally, Bank of Montreal Can increased its position in shares of Worldpay by 122.5% during the 3rd quarter. Bank of Montreal Can now owns 117,788 shares of the business services provider’s stock valued at $11,929,000 after purchasing an additional 64,860 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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 in 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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