Moneta Group Investment Advisors LLC Buys 1,085 Shares of Worldpay Inc (WP)
Moneta Group Investment Advisors LLC boosted its stake in shares of Worldpay Inc (NYSE:WP) by 90.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,283 shares of the business services provider’s stock after buying an additional 1,085 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Worldpay were worth $187,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in WP. BlackRock Inc. acquired a new position in Worldpay during the 1st quarter worth about $1,259,235,000. Select Equity Group L.P. acquired a new position in Worldpay during the 1st quarter worth about $709,395,000. FIL Ltd acquired a new position in Worldpay during the 1st quarter worth about $242,467,000. Artisan Partners Limited Partnership acquired a new position in Worldpay during the 1st quarter worth about $217,397,000. Finally, Temasek Holdings Private Ltd acquired a new position in Worldpay during the 1st quarter worth about $184,074,000. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Worldpay stock opened at $97.83 on Tuesday. Worldpay Inc has a one year low of $67.71 and a one year high of $101.39. The stock has a market capitalization of $30.88 billion, a P/E ratio of 28.60, a PEG ratio of 1.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.
Several research analysts have commented on WP shares. SunTrust Banks lifted their target price on Worldpay to $95.00 and gave the stock a “hold” rating in a report on Friday, August 10th. Raymond James lifted their target price on Worldpay from $98.00 to $99.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 10th. Zacks Investment Research downgraded Worldpay from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Nomura reissued a “buy” rating and issued a $105.00 price objective (up from $93.00) on shares of Worldpay in a research note on Sunday, August 12th. Finally, Stephens reissued a “buy” rating and issued a $97.00 price objective on shares of Worldpay in a research note on Sunday, August 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $96.86.
In other Worldpay news, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $98.09, for a total transaction of $2,221,542.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephanie Ferris sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was 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 valued at $14,524,114 over the last ninety days. 1.05% of the stock is currently owned by corporate insiders.
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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