Highbridge Capital Management LLC Acquires Shares of 14,389 Worldpay Inc (WP)

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Highbridge Capital Management LLC acquired a new position in shares of Worldpay Inc (NYSE:WP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,389 shares of the business services provider’s stock, valued at approximately $1,457,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WP. Principal Financial Group Inc. purchased a new stake in Worldpay during the first quarter worth about $3,297,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Worldpay by 64.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,617 shares of the business services provider’s stock worth $786,000 after purchasing an additional 3,759 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Worldpay by 6.5% in the second quarter. Wells Fargo & Company MN now owns 1,055,912 shares of the business services provider’s stock worth $86,352,000 after purchasing an additional 64,273 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Worldpay in the second quarter worth about $29,482,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Worldpay in the second quarter worth about $36,212,000. Institutional investors and hedge funds own 88.63% of the company’s stock.

In other Worldpay news, COO Mark L. Heimbouch sold 29,676 shares of Worldpay stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $98.26, for a total transaction of $2,915,963.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rohinton Kalifa sold 75,000 shares of Worldpay 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. 1.05% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Stephens reiterated a “buy” rating and issued a $97.00 target price on shares of Worldpay in a research note on Sunday, August 12th. Raymond James reiterated a “buy” rating and issued a $111.00 target price on shares of Worldpay in a research note on Wednesday, August 15th. Nomura reiterated a “buy” rating and issued a $105.00 target price (up previously from $93.00) on shares of Worldpay in a research note on Sunday, August 12th. Cantor Fitzgerald lifted their target price on shares of Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $105.00 target price on shares of Worldpay in a research note on Thursday, August 16th. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Worldpay presently has a consensus rating of “Buy” and a consensus price target of $101.03.

WP stock opened at $81.88 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.97. Worldpay Inc has a 12 month low of $71.40 and a 12 month high of $103.50. The company has a market capitalization of $25.64 billion, a PE ratio of 26.41, a PEG ratio of 1.41 and a beta of 0.79.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $0.90 earnings per share. Worldpay’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts predict that Worldpay Inc will post 3.6 EPS for the current year.

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Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States, Europe, and Asia. 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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