Short Interest in Worldpay Inc (NYSE:WP) Grows By 5.6%

Worldpay Inc (NYSE:WP) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 5,270,300 shares, a growth of 5.6% from the April 30th total of 4,990,600 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 3,570,000 shares, the short-interest ratio is presently 1.5 days.

A number of research analysts have commented on the stock. Craig Hallum cut shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Morgan Stanley raised shares of Nevro from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $70.00 in a report on Wednesday, March 20th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Altagas in a report on Tuesday, March 19th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $36.00 in a report on Thursday, April 4th. Finally, Buckingham Research raised their price target on shares of Azul from $37.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Worldpay presently has a consensus rating of “Hold” and a consensus target price of $111.71.

WP traded up $1.49 during trading on Friday, hitting $130.76. The company had a trading volume of 1,268,865 shares, compared to its average volume of 2,499,022. The stock has a market capitalization of $40.23 billion, a P/E ratio of 35.53, a PEG ratio of 2.12 and a beta of 0.75. Worldpay has a one year low of $70.41 and a one year high of $130.91. The stock has a 50-day moving average of $123.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.95 and a quick ratio of 0.95.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.10. Worldpay had a net margin of 3.63% and a return on equity of 11.28%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $950.37 million. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. Equities research analysts predict that Worldpay will post 4.3 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Kiwi Wealth Investments Limited Partnership acquired a new position in shares of Worldpay during the 4th quarter worth about $2,888,000. Allstate Corp bought a new stake in Worldpay in the 1st quarter valued at about $461,000. FTB Advisors Inc. lifted its holdings in shares of Worldpay by 1.6% during the 4th quarter. FTB Advisors Inc. now owns 7,977 shares of the business services provider’s stock worth $610,000 after acquiring an additional 122 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Worldpay by 10.4% during the 1st 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 period. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of Worldpay during the 1st quarter worth approximately $654,000. Institutional investors own 91.62% 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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