Putnam Investments LLC Has $150.10 Million Position in Worldpay Inc (NYSE:WP)

Putnam Investments LLC raised its stake in shares of Worldpay Inc (NYSE:WP) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,224,790 shares of the business services provider’s stock after buying an additional 56,678 shares during the period. Putnam Investments LLC owned about 0.39% of Worldpay worth $150,098,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Artisan Partners Limited Partnership lifted its stake in shares of Worldpay by 20.5% in the 1st quarter. Artisan Partners Limited Partnership now owns 8,686,793 shares of the business services provider’s stock valued at $985,951,000 after purchasing an additional 1,474,881 shares during the last quarter. FIL Ltd lifted its stake in shares of Worldpay by 0.9% in the 1st quarter. FIL Ltd now owns 3,016,300 shares of the business services provider’s stock valued at $340,547,000 after purchasing an additional 27,962 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Worldpay by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 2,790,176 shares of the business services provider’s stock valued at $213,145,000 after purchasing an additional 182,470 shares during the last quarter. Suvretta Capital Management LLC lifted its stake in shares of Worldpay by 62.0% in the 2nd quarter. Suvretta Capital Management LLC now owns 2,037,510 shares of the business services provider’s stock valued at $249,697,000 after purchasing an additional 779,610 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Worldpay by 1.1% in the 1st quarter. Northern Trust Corp now owns 1,902,880 shares of the business services provider’s stock valued at $215,977,000 after purchasing an additional 20,084 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Shares of NYSE:WP remained flat at $$135.00 on Wednesday. The company’s 50-day moving average is $135.07 and its 200 day moving average is $121.90. Worldpay Inc has a 52-week low of $70.41 and a 52-week high of $138.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $42.01 billion, a PE ratio of 36.68, a PEG ratio of 2.26 and a beta of 0.75.

Several brokerages recently commented on WP. Citigroup set a $152.00 target price on shares of Worldpay and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research downgraded shares of Worldpay from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $114.73.

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.

Further Reading: How does a security become overbought?

Want to see what other hedge funds are holding WP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Worldpay Inc (NYSE:WP).

Institutional Ownership by Quarter for Worldpay (NYSE:WP)

Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.