Northern Trust Corp lessened its stake in Worldpay Inc (NYSE:WP) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,826,070 shares of the business services provider’s stock after selling 76,810 shares during the quarter. Northern Trust Corp owned 0.59% of Worldpay worth $223,785,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership raised its holdings in Worldpay by 20.5% in the first quarter. Artisan Partners Limited Partnership now owns 8,686,793 shares of the business services provider’s stock valued at $985,951,000 after acquiring an additional 1,474,881 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Worldpay during the 1st quarter worth $166,143,000. CNH Partners LLC purchased a new stake in shares of Worldpay during the 1st quarter worth $144,871,000. Marshall Wace North America L.P. purchased a new stake in shares of Worldpay during the 1st quarter worth $60,216,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Worldpay by 114.0% during the second quarter. CIBC Private Wealth Group LLC now owns 841,371 shares of the business services provider’s stock worth $103,110,000 after purchasing an additional 448,297 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Worldpay from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Citigroup set a $152.00 price objective on Worldpay and gave the stock a “buy” rating in a report on Friday, July 19th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Worldpay has an average rating of “Hold” and a consensus target price of $114.73.
Shares of NYSE WP remained flat at $$135.00 during midday trading on Wednesday. The company has a market capitalization of $42.01 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 2.26 and a beta of 0.75. Worldpay Inc has a 12-month low of $70.41 and a 12-month high of $138.22. The company has a 50 day moving average price of $134.99 and a 200 day moving average price of $120.60. 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, 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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