Advisory Services Network LLC grew its stake in shares of Worldpay Inc (NYSE:WP) by 435.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,672 shares of the business services provider’s stock after purchasing an additional 2,986 shares during the period. Advisory Services Network LLC’s holdings in Worldpay were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Worldpay by 3.1% during the 2nd quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock valued at $1,291,011,000 after acquiring an additional 474,679 shares during the period. Canada Pension Plan Investment Board lifted its position in Worldpay by 0.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock valued at $854,208,000 after acquiring an additional 65,400 shares during the period. Flossbach Von Storch AG lifted its position in Worldpay by 13.8% during the 2nd quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock valued at $532,195,000 after acquiring an additional 790,060 shares during the period. FMR LLC lifted its position in Worldpay by 21.3% during the 2nd quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock valued at $381,356,000 after acquiring an additional 818,712 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Worldpay by 1.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,774,136 shares of the business services provider’s stock valued at $280,936,000 after acquiring an additional 34,849 shares during the period. 89.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Worldpay stock opened at $90.11 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Worldpay Inc has a 52-week low of $68.45 and a 52-week high of $103.50. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.59 and a beta of 0.84.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that Worldpay Inc will post 3.64 EPS for the current year.

In other news, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total transaction of $2,221,542.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The disclosure for this sale can be found here. Insiders have sold 258,232 shares of company stock valued at $24,772,828 over the last three months. 1.05% of the stock is owned by corporate insiders.

WP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Worldpay from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. BMO Capital Markets initiated coverage on shares of Worldpay in a research report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price target for the company. Credit Suisse Group lifted their price target on shares of Worldpay from $87.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Mizuho reissued a “hold” rating and set a $88.00 price target on shares of Worldpay in a research report on Friday, August 10th. Finally, Zacks Investment Research cut shares of Worldpay from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.59.

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Worldpay Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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