Worldpay (NYSE:WP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Worldpay, Inc. is a payment provider to power global integrated omni-commerce, any payment, anywhere. Worldpay Inc., formerly known as Vantiv Inc., is based in LONDON. “

Several other brokerages have also recently issued reports on WP. Jefferies Financial Group began coverage on shares of Worldpay in a report on Monday, January 28th. They set a “hold” rating and a $85.00 target price for the company. JPMorgan Chase & Co. cut shares of Worldpay from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 19th. Citigroup raised their price target on shares of Worldpay from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Nomura dropped their price target on shares of Worldpay to $112.00 and set a “buy” rating on the stock in a research report on Monday, February 25th. Finally, Mizuho lowered shares of Worldpay from a “buy” rating to a “neutral” rating and raised their price target for the company from $108.00 to $112.00 in a research report on Tuesday, March 19th. Sixteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Worldpay presently has an average rating of “Hold” and an average target price of $111.55.

Shares of NYSE WP traded up $1.18 during midday trading on Wednesday, reaching $122.75. The company had a trading volume of 60,842 shares, compared to its average volume of 3,330,772. The stock has a market cap of $38.08 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.98 and a beta of 0.90. Worldpay has a 1 year low of $70.41 and a 1 year high of $122.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69.

Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. As a group, sell-side analysts forecast that Worldpay will post 4.29 earnings per share for the current year.

In related news, insider Christopher A. Thompson sold 13,592 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $98.65, for a total transaction of $1,340,850.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Royal Cole sold 61,257 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.14, for a total transaction of $5,889,247.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,849 shares of company stock worth $8,250,159. Company insiders own 0.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WP. Quadrant Capital Group LLC raised its stake in Worldpay by 156.6% during the first quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock worth $32,000 after purchasing an additional 177 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Worldpay during the fourth quarter worth about $37,000. Berman Capital Advisors LLC raised its stake in Worldpay by 131.2% during the first quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock worth $37,000 after purchasing an additional 185 shares during the period. CWM LLC raised its stake in Worldpay by 124.7% during the fourth quarter. CWM LLC now owns 501 shares of the business services provider’s stock worth $38,000 after purchasing an additional 278 shares during the period. Finally, Karp Capital Management Corp purchased a new position in Worldpay during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

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