Worldpay (NYSE:WP) had its price target lowered by Nomura from $125.00 to $122.00 in a report issued on Friday morning. The firm currently has a buy rating on the business services provider’s stock.

A number of other research firms also recently issued reports on WP. Royal Bank of Canada increased their price objective on Worldpay from $101.00 to $103.00 and gave the stock a top pick rating in a report on Friday, August 10th. Bank of America upgraded Worldpay from a neutral rating to a buy rating and increased their price objective for the stock from $106.00 to $118.00 in a report on Wednesday, October 3rd. Wedbush increased their price objective on Worldpay from $100.00 to $120.00 and gave the stock an outperform rating in a report on Friday, October 5th. KeyCorp increased their price objective on Worldpay from $100.00 to $120.00 and gave the stock an overweight rating in a report on Wednesday, September 5th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $115.00 price objective on shares of Worldpay in a report on Thursday, October 4th. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $101.03.

Shares of Worldpay stock traded down $0.74 during trading hours on Friday, hitting $82.03. The company’s stock had a trading volume of 3,912,565 shares, compared to its average volume of 2,891,302. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $25.81 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. Worldpay has a 12 month low of $69.63 and a 12 month high of $103.50.

Worldpay (NYSE:WP) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. Worldpay’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, equities analysts anticipate that Worldpay will post 3.6 EPS for the current fiscal year.

In other news, EVP Matt Taylor sold 22,648 shares of the firm’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 value of $2,221,542.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rohinton Kalifa sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $100.77, for a total value of $7,557,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,324 shares of company stock valued at $12,695,256. Corporate insiders own 1.05% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Worldpay by 3.1% in the second quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after buying an additional 474,679 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Worldpay by 0.6% in the second quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after buying an additional 65,400 shares during the last quarter. Flossbach Von Storch AG lifted its position in shares of Worldpay by 1.6% in the third quarter. Flossbach Von Storch AG now owns 6,611,653 shares of the business services provider’s stock valued at $669,562,000 after buying an additional 104,016 shares during the last quarter. FMR LLC lifted its position in shares of Worldpay by 32.7% in the third quarter. FMR LLC now owns 6,186,896 shares of the business services provider’s stock valued at $626,546,000 after buying an additional 1,523,722 shares during the last quarter. Finally, Third Point LLC lifted its position in shares of Worldpay by 5.2% in the third quarter. Third Point LLC now owns 3,050,000 shares of the business services provider’s stock valued at $308,874,000 after buying an additional 150,000 shares during the last quarter. 89.60% of the stock is owned by institutional investors.

Worldpay Company 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.

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Analyst Recommendations for Worldpay (NYSE:WP)

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