Chicago Equity Partners LLC bought a new position in Worldpay Inc (NYSE:WP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,430 shares of the business services provider’s stock, valued at approximately $752,000.

Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in Worldpay in the third quarter worth approximately $112,000. Fort L.P. purchased a new stake in Worldpay in the second quarter worth approximately $120,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Worldpay in the third quarter worth approximately $146,000. Moneta Group Investment Advisors LLC boosted its holdings in Worldpay by 90.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,283 shares of the business services provider’s stock worth $187,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Worldpay in the third quarter worth approximately $196,000. Institutional investors own 89.60% of the company’s stock.

Several research analysts have weighed in on WP shares. Royal Bank of Canada increased their price target on shares of Worldpay from $101.00 to $103.00 and gave the stock a “top pick” rating in a research report on Friday, August 10th. Cantor Fitzgerald increased their price target on shares of Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. KeyCorp increased their price target on shares of Worldpay from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. SunTrust Banks increased their price target on shares of Worldpay to $95.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. Finally, Guggenheim reiterated a “buy” rating and issued a $101.00 price target on shares of Worldpay in a research report on Friday, August 10th. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $101.14.

In related news, COO Mark L. Heimbouch sold 29,676 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $98.26, for a total transaction of $2,915,963.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matt Taylor sold 22,648 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total transaction of $2,221,542.32. The disclosure for this sale can be found here. Insiders have sold a total of 127,324 shares of company stock worth $12,695,256 over the last 90 days. Insiders own 1.05% of the company’s stock.

Shares of WP stock opened at $82.77 on Friday. The firm has a market cap of $27.21 billion, a PE ratio of 26.70, a PEG ratio of 1.48 and a beta of 0.84. Worldpay Inc has a one year low of $69.63 and a one year high of $103.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. On average, equities analysts forecast that Worldpay Inc will post 3.64 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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