Worldpay Inc (NYSE:WP) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Worldpay Inc (NYSE:WP) by 413.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,091 shares of the business services provider’s stock after purchasing an additional 4,100 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Worldpay were worth $578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Worldpay by 10.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,977 shares of the business services provider’s stock worth $5,559,000 after acquiring an additional 4,610 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Worldpay by 20.5% during the first quarter. Artisan Partners Limited Partnership now owns 8,686,793 shares of the business services provider’s stock worth $985,951,000 after acquiring an additional 1,474,881 shares during the last quarter. Affinity Wealth Management LLC boosted its position in Worldpay by 36.3% during the first quarter. Affinity Wealth Management LLC now owns 14,351 shares of the business services provider’s stock worth $1,629,000 after acquiring an additional 3,822 shares during the last quarter. Tuttle Tactical Management acquired a new stake in Worldpay during the first quarter worth approximately $2,384,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Worldpay by 2.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 48,420 shares of the business services provider’s stock worth $5,496,000 after acquiring an additional 1,154 shares during the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

In related news, VP Shane Happach sold 9,000 shares of Worldpay stock in a transaction on Monday, April 1st. The shares were sold at an average price of $113.34, for a total transaction of $1,020,060.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.82% of the company’s stock.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research report on Tuesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $119.00 price target on shares of Worldpay in a report on Friday, May 3rd. Craig Hallum lowered shares of Worldpay from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays lifted their price target on shares of Worldpay from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price target on shares of Worldpay from $110.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Sixteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $111.71.

Shares of NYSE:WP traded down $0.68 during midday trading on Friday, hitting $122.55. 6,554,895 shares of the company’s stock traded hands, compared to its average volume of 2,086,015. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $38.35 billion, a P/E ratio of 33.30, a PEG ratio of 2.02 and a beta of 0.82. The firm has a fifty day moving average price of $121.72. Worldpay Inc has a twelve month low of $70.41 and a twelve month high of $126.87.

Worldpay (NYSE:WP) last posted its earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The business had revenue of $970.00 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.81 EPS. On average, equities research analysts forecast that Worldpay Inc will post 4.3 EPS for the current fiscal year.

Worldpay 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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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