Jaffetilchin Investment Partners LLC lifted its holdings in shares of Worldpay Inc (NYSE:WP) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,844 shares of the business services provider’s stock after purchasing an additional 348 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Worldpay were worth $890,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of WP. Quadrant Capital Group LLC raised its position in shares of Worldpay by 156.6% in the 1st quarter. Quadrant Capital Group LLC now owns 290 shares of the business services provider’s stock worth $32,000 after buying an additional 177 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in shares of Worldpay in the 4th quarter worth $37,000. Berman Capital Advisors LLC raised its position in shares of Worldpay by 131.2% in the 1st quarter. Berman Capital Advisors LLC now owns 326 shares of the business services provider’s stock worth $37,000 after buying an additional 185 shares during the period. Karp Capital Management Corp purchased a new position in shares of Worldpay in the 4th quarter worth $38,000. Finally, CX Institutional purchased a new position in Worldpay in the first quarter valued at about $38,000. Institutional investors and hedge funds own 91.62% of the company’s stock.
Several research firms have commented on WP. Morgan Stanley lowered Worldpay from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $103.00 to $112.00 in a research report on Wednesday, March 20th. Zacks Investment Research raised Worldpay from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Saturday, June 22nd. BMO Capital Markets lowered Worldpay from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $138.00 to $112.00 in a research report on Monday, March 18th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $119.00 target price on shares of Worldpay in a research report on Friday, May 3rd. Finally, Mizuho downgraded Worldpay from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $108.00 to $112.00 in a research note on Tuesday, March 19th. Fifteen analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $111.71.
Worldpay (NYSE:WP) last released 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 analysts’ expectations of $950.37 million. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. Worldpay’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Sell-side analysts forecast that Worldpay Inc will post 4.3 EPS for the current fiscal year.
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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