Keefe, Bruyette & Woods restated their buy rating on shares of Worldpay (NYSE:WP) in a report published on Tuesday morning. Keefe, Bruyette & Woods currently has a $99.00 price target on the business services provider’s stock.
Other equities analysts have also recently issued reports about the stock. Jefferies Group raised shares of Worldpay from a hold rating to a buy rating and set a $69.00 price target for the company in a research note on Thursday, December 14th. Cantor Fitzgerald reaffirmed a buy rating and set a $79.00 price target on shares of Worldpay in a research note on Tuesday, December 12th. Buckingham Research raised shares of Worldpay from a neutral rating to a buy rating and set a $90.00 target price for the company in a research note on Friday, December 8th. Cowen reissued a buy rating and issued a $84.00 target price on shares of Worldpay in a research note on Thursday, December 7th. Finally, Deutsche Bank raised their target price on shares of Worldpay to $82.00 and gave the company a buy rating in a research note on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $83.59.
Worldpay (NYSE:WP) opened at $84.57 on Tuesday. The firm has a market cap of $26,410.00, a P/E ratio of 111.28, a PEG ratio of 1.52 and a beta of 0.62. Worldpay has a 52 week low of $59.10 and a 52 week high of $85.09. The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.75 and a current ratio of 0.75.
In other news, EVP Royal Cole sold 44,283 shares of Worldpay stock in a transaction on Monday, March 5th. The stock was sold at an average price of $83.17, for a total transaction of $3,683,017.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Martin sold 5,308 shares of Worldpay stock in a transaction on Monday, March 5th. The stock was sold at an average price of $82.96, for a total value of $440,351.68. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Worldpay during the fourth quarter worth $8,429,000. Quantitative Investment Management LLC acquired a new stake in shares of Worldpay during the fourth quarter worth $9,693,000. Navellier & Associates Inc acquired a new stake in shares of Worldpay during the fourth quarter worth $3,503,000. Twin Tree Management LP acquired a new stake in shares of Worldpay during the fourth quarter worth $651,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Worldpay during the fourth quarter worth $38,764,000.
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Worldpay Company Profile
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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