Worldpay Inc (NYSE:WP) Position Cut by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. reduced its position in Worldpay Inc (NYSE:WP) by 3.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 619,544 shares of the business services provider’s stock after selling 22,214 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.20% of Worldpay worth $70,318,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Worldpay by 1.5% in the third quarter. Vanguard Group Inc now owns 25,870,601 shares of the business services provider’s stock worth $2,619,916,000 after purchasing an additional 386,174 shares in the last quarter. Rhumbline Advisers grew its stake in Worldpay by 0.4% during the fourth quarter. Rhumbline Advisers now owns 322,638 shares of the business services provider’s stock valued at $24,659,000 after acquiring an additional 1,224 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Worldpay by 34.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,780 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 2,230 shares in the last quarter. M&T Bank Corp grew its stake in Worldpay by 8.1% during the fourth quarter. M&T Bank Corp now owns 18,964 shares of the business services provider’s stock valued at $1,450,000 after acquiring an additional 1,425 shares in the last quarter. Finally, BB&T Securities LLC grew its stake in Worldpay by 92.3% during the fourth quarter. BB&T Securities LLC now owns 14,467 shares of the business services provider’s stock valued at $1,105,000 after acquiring an additional 6,942 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on WP. Atlantic Securities lowered shares of Worldpay from an “overweight” rating to a “neutral” rating in a research report on Thursday, March 21st. Zacks Investment Research upgraded shares of Worldpay from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Saturday, May 18th. Cowen lowered shares of Worldpay from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 19th. Wedbush downgraded shares of Worldpay from an “outperform” rating to a “neutral” rating and set a $107.06 price objective on the stock. in a research report on Thursday, March 21st. Finally, Craig Hallum upped their target price on shares of Worldpay from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Fifteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Worldpay currently has an average rating of “Buy” and an average target price of $111.71.

Shares of WP traded up $3.88 during trading hours on Monday, hitting $126.43. 3,885,741 shares of the stock were exchanged, compared to its average volume of 3,126,422. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95. Worldpay Inc has a 12-month low of $70.41 and a 12-month high of $127.70. The firm has a market capitalization of $38.14 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.76. The stock has a 50-day moving average price of $121.72.

Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 EPS 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 return on equity of 11.28% and a net margin of 3.63%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. On average, equities analysts forecast that Worldpay Inc will post 4.3 earnings per share for the current year.

About Worldpay

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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