CIBC Private Wealth Group LLC raised its stake in Worldpay Inc (NYSE:WP) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 394,116 shares of the business services provider’s stock after purchasing an additional 1,665 shares during the period. CIBC Private Wealth Group LLC owned 0.13% of Worldpay worth $30,122,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Worldpay by 124.7% in the 4th quarter. CWM LLC now owns 501 shares of the business services provider’s stock valued at $38,000 after buying an additional 278 shares during the period. Lavaca Capital LLC acquired a new position in shares of Worldpay in the 4th quarter valued at about $69,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Worldpay in the 4th quarter valued at about $84,000. TRUE Private Wealth Advisors acquired a new position in shares of Worldpay in the 3rd quarter valued at about $112,000. Finally, Rational Advisors LLC acquired a new position in shares of Worldpay in the 3rd quarter valued at about $122,000. 89.77% of the stock is owned by institutional investors.
Worldpay stock opened at $85.83 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.72. The stock 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 Inc has a 52-week low of $70.41 and a 52-week high of $103.50.
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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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