Clear Harbor Asset Management LLC Acquires Shares of 6,290 Worldpay Inc (WP)

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Clear Harbor Asset Management LLC acquired a new position in shares of Worldpay Inc (NYSE:WP) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,290 shares of the business services provider’s stock, valued at approximately $714,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Worldpay by 1.5% during the third quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock worth $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. Vanguard Group Inc increased its position in Worldpay by 1.5% during the third quarter. Vanguard Group Inc now owns 25,870,601 shares of the business services provider’s stock worth $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. Lunia Capital LP increased its position in Worldpay by 6,149.3% during the fourth quarter. Lunia Capital LP now owns 15,225,391 shares of the business services provider’s stock worth $15,225,000 after purchasing an additional 14,981,757 shares during the last quarter. Flossbach Von Storch AG increased its position in Worldpay by 18.2% during the fourth quarter. Flossbach Von Storch AG now owns 7,814,868 shares of the business services provider’s stock worth $597,290,000 after purchasing an additional 1,203,215 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Worldpay by 8.9% during the fourth quarter. American Century Companies Inc. now owns 4,244,680 shares of the business services provider’s stock valued at $324,421,000 after acquiring an additional 346,897 shares during the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

In related news, EVP Royal Cole sold 61,257 shares of Worldpay stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $96.14, for a total value of $5,889,247.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher A. Thompson sold 13,592 shares of Worldpay stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $98.65, for a total transaction of $1,340,850.80. The disclosure for this sale can be found here. Insiders sold 83,849 shares of company stock valued at $8,250,159 in the last 90 days. Company insiders own 1.05% of the company’s stock.

Shares of WP stock opened at $111.23 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $34.56 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. Worldpay Inc has a fifty-two week low of $70.41 and a fifty-two week high of $115.68.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Worldpay had a net margin of 0.33% and a return on equity of 10.80%. The business’s quarterly revenue was up 84.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. As a group, research analysts predict that Worldpay Inc will post 4.25 EPS for the current year.

A number of equities research analysts have weighed in on WP shares. Guggenheim cut shares of Worldpay from a “buy” rating to a “neutral” rating and set a $97.35 price target for the company. in a research report on Monday, March 4th. They noted that the move was a valuation call. KeyCorp dropped their price target on shares of Worldpay from $120.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. Craig Hallum lifted their price target on shares of Worldpay from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Moffett Nathanson upgraded shares of Worldpay from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Finally, Mizuho cut shares of Worldpay from a “buy” rating to a “neutral” rating and lifted their price target for the company from $108.00 to $112.00 in a research report on Tuesday, March 19th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Worldpay currently has an average rating of “Buy” and an average target price of $110.26.

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Worldpay Company Profile

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.

Read More: What is an SEC Filing?

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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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