Traders Sell Worldpay (WP) on Strength (WP)
Traders sold shares of Worldpay Inc (NYSE:WP) on strength during trading hours on Friday. $37.28 million flowed into the stock on the tick-up and $64.91 million flowed out of the stock on the tick-down, for a money net flow of $27.63 million out of the stock. Of all companies tracked, Worldpay had the 0th highest net out-flow for the day. Worldpay traded up $0.56 for the day and closed at $82.07
WP has been the topic of several research reports. Robert W. Baird restated a “buy” rating and set a $90.00 price target on shares of Worldpay in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Worldpay from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. KeyCorp boosted their price target on Worldpay from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Cantor Fitzgerald restated a “buy” rating and set a $79.00 price target on shares of Worldpay in a research note on Tuesday, December 12th. Finally, Stephens assumed coverage on Worldpay in a research note on Thursday, January 11th. They set an “overweight” rating and a $89.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $82.19.
The stock has a market capitalization of $14,588.60, a PE ratio of 103.89, a P/E/G ratio of 1.66 and a beta of 0.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Family Office LLC bought a new stake in Worldpay during the 4th quarter worth approximately $484,000. Twin Tree Management LP acquired a new position in Worldpay during the 4th quarter worth $651,000. Navellier & Associates Inc acquired a new position in Worldpay during the 4th quarter worth $3,503,000. Macquarie Group Ltd. acquired a new position in Worldpay during the 4th quarter worth $8,429,000. Finally, Quantitative Investment Management LLC acquired a new position in Worldpay during the 4th quarter worth $9,693,000.
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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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