Worldpay Target of Unusually Large Options Trading (WP)

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Worldpay Inc (NYSE:WP) was the recipient of some unusual options trading on Tuesday. Stock traders bought 7,439 call options on the stock. This represents an increase of approximately 9,316% compared to the average volume of 79 call options.

A number of research firms recently weighed in on WP. KeyCorp decreased their target price on Worldpay from $120.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, January 2nd. Atlantic Securities lowered Worldpay from an “overweight” rating to a “neutral” rating in a report on Thursday, March 21st. ValuEngine lowered Worldpay from a “buy” rating to a “hold” rating in a report on Friday, January 4th. SunTrust Banks boosted their target price on Worldpay to $92.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Finally, Deutsche Bank boosted their target price on Worldpay from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $110.26.

NYSE:WP opened at $111.51 on Thursday. The firm has a market cap of $34.82 billion, a PE ratio of 30.30, a P/E/G ratio of 1.88 and a beta of 0.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.75. Worldpay has a fifty-two week low of $70.41 and a fifty-two week high of $115.68.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.08. Worldpay had a return on equity of 10.80% and a net margin of 0.33%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned $0.97 EPS. Worldpay’s revenue for the quarter was up 84.5% on a year-over-year basis. On average, research analysts expect that Worldpay will post 4.25 earnings per share for the current year.

In other Worldpay news, VP Shane Happach sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $113.34, for a total transaction of $1,020,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Royal Cole sold 61,257 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The disclosure for this sale can be found here. Insiders sold a total of 83,849 shares of company stock worth $8,250,159 in the last 90 days. Company insiders own 1.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of WP. LPL Financial LLC increased its holdings in Worldpay by 24.5% in the 3rd quarter. LPL Financial LLC now owns 3,913 shares of the business services provider’s stock worth $396,000 after purchasing an additional 770 shares in the last quarter. Verition Fund Management LLC acquired a new position in Worldpay in the 3rd quarter worth about $983,000. Advisors Asset Management Inc. increased its holdings in Worldpay by 1.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 42,868 shares of the business services provider’s stock worth $4,341,000 after purchasing an additional 657 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Worldpay by 2.7% in the 3rd quarter. Mackenzie Financial Corp now owns 1,040,366 shares of the business services provider’s stock worth $105,358,000 after purchasing an additional 27,794 shares in the last quarter. Finally, HPM Partners LLC increased its holdings in Worldpay by 12.6% in the 3rd quarter. HPM Partners LLC now owns 13,247 shares of the business services provider’s stock worth $1,342,000 after purchasing an additional 1,486 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

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About Worldpay

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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