Worldpay (NYSE:WP) had its price objective lifted by KeyCorp from $100.00 to $120.00 in a research report sent to investors on Wednesday morning, The Fly reports. KeyCorp currently has an overweight rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on the company. Berenberg Bank raised their target price on Worldpay to $120.00 and gave the stock a buy rating in a research report on Thursday, August 30th. Nomura raised their target price on Worldpay from $105.00 to $120.00 and gave the stock a buy rating in a research report on Monday, August 20th. Piper Jaffray Companies restated a hold rating and set a $105.00 price target on shares of Worldpay in a research note on Thursday, August 16th. Raymond James restated a buy rating and set a $111.00 price target on shares of Worldpay in a research note on Wednesday, August 15th. Finally, Stephens restated a buy rating and set a $97.00 price target on shares of Worldpay in a research note on Sunday, August 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $95.54.

Shares of NYSE WP opened at $95.83 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Worldpay has a fifty-two week low of $67.71 and a fifty-two week high of $98.86. The stock has a market cap of $30.05 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.71.

Worldpay (NYSE:WP) last issued its earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09. Worldpay had a positive return on equity of 14.55% and a negative net margin of 1.72%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.81 million. The business’s revenue for the quarter was up 90.0% compared to the same quarter last year. equities analysts forecast that Worldpay will post 3.64 EPS for the current year.

In other Worldpay news, EVP Matt Taylor sold 22,648 shares of Worldpay stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total value of $2,221,542.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephanie Ferris sold 2,500 shares of Worldpay stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $90.00, for a total value of $225,000.00. The disclosure for this sale can be found here. Insiders sold a total of 156,056 shares of company stock worth $14,524,114 over the last quarter. Company insiders own 1.05% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. TPG Group Holdings SBS Advisors Inc. grew its stake in shares of Worldpay by 8.8% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,342,264 shares of the business services provider’s stock valued at $109,770,000 after purchasing an additional 108,874 shares during the last quarter. Bain Capital Public Equity Management LLC grew its stake in shares of Worldpay by 53.1% in the 2nd quarter. Bain Capital Public Equity Management LLC now owns 174,001 shares of the business services provider’s stock valued at $14,230,000 after purchasing an additional 60,362 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Worldpay by 1.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 42,211 shares of the business services provider’s stock valued at $3,452,000 after purchasing an additional 773 shares during the last quarter. Andra AP fonden purchased a new stake in shares of Worldpay in the second quarter valued at approximately $1,701,000. Finally, Global X Management Co LLC boosted its stake in shares of Worldpay by 190.1% in the second quarter. Global X Management Co LLC now owns 20,444 shares of the business services provider’s stock valued at $1,672,000 after buying an additional 13,396 shares in the last quarter. Institutional investors own 89.16% of the company’s stock.

About Worldpay

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through 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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