Vanguard Group Inc. cut its holdings in Worldpay Inc (NYSE:WP) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,411,648 shares of the business services provider’s stock after selling 3,529,406 shares during the quarter. Vanguard Group Inc. owned about 7.52% of Worldpay worth $2,869,099,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of WP. Allstate Corp acquired a new position in shares of Worldpay during the first quarter worth about $461,000. Havens Advisors LLC increased its stake in shares of Worldpay by 56.5% during the second quarter. Havens Advisors LLC now owns 72,000 shares of the business services provider’s stock worth $8,824,000 after acquiring an additional 26,000 shares during the period. World Asset Management Inc increased its stake in shares of Worldpay by 29.4% during the second quarter. World Asset Management Inc now owns 9,234 shares of the business services provider’s stock worth $1,132,000 after acquiring an additional 2,100 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Worldpay by 10.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,977 shares of the business services provider’s stock worth $5,559,000 after acquiring an additional 4,610 shares during the period. Finally, Mint Tower Capital Management B.V. acquired a new position in shares of Worldpay during the first quarter worth about $654,000. Institutional investors own 90.76% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Citigroup set a $152.00 price target on shares of Worldpay and gave the stock a “buy” rating in a research note on Friday, July 19th. Fifteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Worldpay has an average rating of “Hold” and an average price target of $114.73.
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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