Bain Capital Public Equity Management LLC grew its position in shares of Worldpay Inc (NYSE:WP) by 53.1% during the 2nd quarter, Holdings Channel reports. The firm owned 174,001 shares of the business services provider’s stock after purchasing an additional 60,362 shares during the quarter. Worldpay accounts for 1.0% of Bain Capital Public Equity Management LLC’s holdings, making the stock its 25th largest holding. Bain Capital Public Equity Management LLC’s holdings in Worldpay were worth $14,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fort L.P. acquired a new stake in shares of Worldpay in the second quarter worth approximately $120,000. Robecosam AG acquired a new stake in shares of Worldpay in the first quarter worth approximately $123,000. SWS Partners acquired a new stake in shares of Worldpay in the first quarter worth approximately $128,000. Envestnet Asset Management Inc. acquired a new stake in shares of Worldpay in the first quarter worth approximately $134,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Worldpay in the second quarter worth approximately $136,000. 88.88% of the stock is currently owned by institutional investors and hedge funds.

WP opened at $98.49 on Wednesday. The company has a market cap of $30.88 billion, a PE ratio of 31.77, a PEG ratio of 1.70 and a beta of 0.71. Worldpay Inc has a 52-week low of $67.71 and a 52-week high of $101.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96.

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

A number of research analysts have weighed in on WP shares. Stephens reaffirmed a “buy” rating and set a $97.00 price target on shares of Worldpay in a research report on Sunday, August 12th. Raymond James reaffirmed a “buy” rating and set a $111.00 price target on shares of Worldpay in a research report on Wednesday, August 15th. Cantor Fitzgerald lifted their price target on shares of Worldpay from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Nomura reaffirmed a “buy” rating and set a $105.00 price target (up from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $105.00 price target on shares of Worldpay in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $96.86.

In related news, CFO Stephanie Ferris sold 2,500 shares of Worldpay stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $90.00, for a total value of $225,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Jansen sold 130,908 shares of Worldpay stock in a transaction on Friday, August 17th. The stock was sold at an average price of $92.26, for a total transaction of $12,077,572.08. The disclosure for this sale can be found here. Insiders have sold 156,056 shares of company stock worth $14,524,114 in the last quarter. Insiders own 1.05% of the company’s stock.

Worldpay Profile

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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