Jennison Associates LLC cut its position in Worldpay Inc (NYSE:WP) by 15.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777,638 shares of the business services provider’s stock after selling 139,729 shares during the quarter. Jennison Associates LLC owned 0.25% of Worldpay worth $95,300,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of WP. Artisan Partners Limited Partnership boosted 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. Alpine Associates Management Inc. bought a new position in Worldpay during the first quarter worth about $166,143,000. CNH Partners LLC bought a new position in Worldpay during the first quarter worth about $144,871,000. Marshall Wace North America L.P. bought a new position in Worldpay during the first quarter worth about $60,216,000. Finally, CIBC Private Wealth Group LLC boosted its position in Worldpay by 114.0% during the second quarter. CIBC Private Wealth Group LLC now owns 841,371 shares of the business services provider’s stock worth $103,110,000 after purchasing an additional 448,297 shares during the period. Institutional investors own 90.76% of the company’s stock.
NYSE:WP remained flat at $$135.00 during mid-day trading on Friday. The company’s stock had a trading volume of 19,553,400 shares, compared to its average volume of 2,058,610. Worldpay Inc has a fifty-two week low of $70.41 and a fifty-two week high of $138.22. The firm’s 50-day simple moving average is $133.35 and its two-hundred day simple moving average is $116.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $42.01 billion, a PE ratio of 36.68, a P/E/G ratio of 2.26 and a beta of 0.75.
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.
Recommended Story: Using the New Google Finance Tool
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.