Kellner Capital LLC lifted its position in shares of Worldpay Inc (NYSE:WP) by 145.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,800 shares of the business services provider’s stock after acquiring an additional 104,300 shares during the quarter. Worldpay accounts for approximately 9.6% of Kellner Capital LLC’s investment portfolio, making the stock its 2nd biggest holding. Kellner Capital LLC owned approximately 0.06% of Worldpay worth $21,544,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WP. Cornerstone Advisors Inc. lifted its stake in Worldpay by 23.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 474 shares of the business services provider’s stock valued at $58,000 after buying an additional 90 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Worldpay by 28.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 501 shares of the business services provider’s stock valued at $57,000 after buying an additional 110 shares in the last quarter. Alps Advisors Inc. lifted its stake in Worldpay by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 5,484 shares of the business services provider’s stock valued at $622,000 after buying an additional 136 shares in the last quarter. First Hawaiian Bank lifted its stake in Worldpay by 2.1% in the 2nd quarter. First Hawaiian Bank now owns 7,137 shares of the business services provider’s stock valued at $875,000 after buying an additional 145 shares in the last quarter. Finally, Concorde Asset Management LLC lifted its stake in Worldpay by 4.2% in the 1st quarter. Concorde Asset Management LLC now owns 3,987 shares of the business services provider’s stock valued at $453,000 after buying an additional 161 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $119.00 price target on shares of Worldpay in a research note on Friday, May 3rd. Craig Hallum lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Citigroup set a $152.00 target price on shares of Worldpay and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of Worldpay from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Worldpay presently has a consensus rating of “Hold” and a consensus target price of $114.97.

Shares of NYSE WP remained flat at $$135.00 during midday trading on Wednesday. The company’s 50-day simple moving average is $132.90 and its 200-day simple moving average is $115.51. 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. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. Worldpay Inc has a 12 month low of $70.41 and a 12 month high of $138.22.

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.

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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