123.07 0.00 (0.00%)
After hours: 5:02PM EDT
|Bid||122.99 x 800|
|Ask||123.01 x 800|
|Day's Range||121.87 - 123.51|
|52 Week Range||70.41 - 126.87|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||253.23|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||123.89|
Executives at Worldpay Inc. first began talking with Fidelity National Information Services officials two years before an acquisition came to fruition. And once they started seriously discussing a deal, Worldpay negotiated the purchase price up significantly.
Worldpay Inc NYSE:WPView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for WP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WP. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WP had net inflows of $4.67 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
LONDON, June 4, 2019 /PRNewswire/ -- With the PSD2 requirement for Strong Customer Authentication (SCA) going into effect on Sept. 14, 2019, Worldpay, Inc. (WP) will launch the Exemption Engine for Strong Customer Authentication (SCA) for merchants operating in the European Economic Area (EEA) to reduce friction from the online checkout experience. Worldpay's Exemption Engine for SCA, which requires little-to-no integration, is a first-of-its-kind solution that employs machine learning to apply the most applicable SCA exemption to an individual payment.
EU antitrust regulators will rule by July 5 whether to approve Fidelity National Information Services Inc's $35 billion bid for Worldpay , a filing on the European Commission website showed. The deal is ...
NEW YORK, NY / ACCESSWIRE / June 2, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Sandell Asset Management is an alternative asset manager with a specialty in credit opportunities, global corporate merger arbitrage, and equity special situations. It was founded in 1998 by a renowned Swedish investor and billionaire, Tom Sandell. It provides offices in New York City and London. Tom Sandell cut his teeth at Bear Stearns, where he […]
Back in 1997, Paul Marshall and Ian Wace launched their own hedge fund called Marshall Wace. The fund is headquartered in London, England while providing additional offices in New York, and Hong Kong. The fund’s investment philosophy combines quantitative strategies with basic investment principles for the purpose of delivering strong returns to its clients. Its […]
Magnetar Capital is an Evanston, Illinois-based multi-strategy asset manager that was founded in 2005 by Alec Litowitz and Ross Laser, who previously worked at Citadel LLC and Glenwood Capital Partners, respectively. The fund was launched with $1.8 billion, which represented one of the biggest hedge fund initial capitals at the time. At the very beginning, […]
Square (NYSE:SQ) has recently given back a lot of its gains from last year. After briefly topping $100 per square, SQ stock has sharply reversed. SQ stock now trades for just $65, and has failed to recover, even as the stock market has roared back from its December lows.Source: Chris Harrison via Flickr (Modified)It's not hard to see why SQ stock has underwhelmed so far in 2019. The valuation of Square stock reached outrageous levels when the shares hit $100. At that point, the market was pricing in both huge growth by SQ and a sharp upturn in its profitability. Unfortunately, Square's first-quarter results, unveiled on May 1, did little to support either tenet of the bulls' thesis. * 5 Safe Stocks to Buy This Summer Earnings Were Fine But Not EnoughSquare's Q1 results were a mixed bag. If expectations for the company had been lower, investors probably would have been fine with the results. But given the high price of SQ stock, blowout results were needed to sustain its upward trend.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSQ reported non-GAAP earnings per share of 11 cents, which topped analysts' consensus outlook of 8 cents. On a GAAP basis, the company continues to lose money. On the revenue side, it topped consensus expectations, but not by much. Its $489 million top line only modestly exceeded analysts' consensus outlook of $480 million.Some bulls pointed to the company's escalating year=over-year revenue growth rate as a positive point. But, excluding the impact of Square's recent acquisitions, its growth rate has been declining in recent quarters. Furthermore, analysts expect SQ's growth to fall off sharply, from something in the high fifties now to closer to 40% next year. Obviously, 40% annual revenue growth is still great, but when the company is still only, at most, marginally profitable, the owners of Square stock will want its CEO, Jack Dorsey, to produce better results. SQ Stock Still Has a High ValuationEven after dropping 35% from its high of last year, SQ stock is really expensive compared with its peers. Square stock is trading around 7.5 times its 2018 sales and nearly 60 times analysts' average 2019 earnings estimate.Those numbers are much higher than the valuations of other payment tech companies. Maybe the current valuation of Square stock would make sense if SQ had recently carried out its IPO and was still early in its maturation process. But Square has been around long enough to start backing up its valuation. PayPal (NASDAQ:PYPL) stock is trading closer to six times its sales and 30 times its earnings.Both WorldPay (NYSE:WP) and Global Payments (NYSE:GPN) look even cheaper than PayPal on the basis of these metrics, to say nothing of Square. The owners of Square stock have to ask themselves what makes SQ stand out from its competitors. Square dominates its niche of the smallest of businesses, but has struggled to gain traction with larger companies. As businesses' volumes rise, Square's fees tend to become less competitive. Jack Dorsey has to find a way to change that situationBut SQ has some other irons in the fire. Its Cash App, for example, has had a strong run, though it appears that PayPal's Venmo is catching up. Some of Cash App's features, such as Bitcoin trading, could cause some users' interest in SQ to rise, but that probably won't be enough to drive SQ stock back to its old highs. Jack Dorsey needs something bigger, which brings us to… Square's Quest for a Banking LicenseThe one thing that could really turn things around for SQ stock in a hurry would be a banking license. Square originally filed paperwork for a license in September 2017. It intended to become a Utah-based bank that would focus on small business.However, after regulators expressed concerns about its application, SQ withdrew it. However, SQ refiled its application late last year. Why is Square so intent on obtaining a banking license? In theory, an FDIC-insured Square Bank would give SQ a large amount of disruptive power. Right now, SQ has to operate using its customers' banks, which adds fees and friction. Square Bank would allow its small business customers to open their own accounts directly with Square, cutting out the middleman.Obtaining a banking license would help Square make more loans to its small-business customers. SQ arguably has better data than traditional banks, as it can see a huge portion of its customers' transaction data in real time. Additionally, SQ could obtain payments on its loans directly from the recipients' transactions, rather than waiting for the businesses to choose to make payments.In theory, SQ stock should surge after it receives a banking license. But the license may never be granted. For one, the FDIC tends to be fairly cautious about granting banking licenses to more aggressive firms. I've been skeptical about whether Square's small-business lending will earn high enough returns to offset the large credit risk of lending to tiny businesses. Its business model looks good during boom economic times but what happens during a recession? Perhaps regulators are wondering the same thing. Jack Dorsey will have to convince regulators that SQ's business model will remain sound during economic downturns. The Verdict on SQ StockIf Square gets its banking license soon, all bets are off. But for now, SQ stock is likely to continue to struggle compared with other tech stocks.Its last earnings report was underwhelming. With its valuation still far above that of industry rivals, Jack Dorsey needs to put up dazzling results to get its stock price moving again. Another earnings report that just barely tops expectations, let alone a miss, could send SQ stock lower in a hurry.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Square Stock Is No Bargain Yet appeared first on InvestorPlace.
Stock investors looking for a way to outperform amid the trade war's major upheaval should look at Goldman Sachs' Hedge Funds VIP list.
Eight Cincinnati-based public companies are among the largest in the world, according to the 17th annual ranking by Forbes Media.
The web-based software maker plans to quickly expand its employee headcount after closing a Series A funding round.
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
Investment firm Grantham, Mayo, Van Otterloo & Co., which was co-founded by renowned investor Jeremy Grantham (Trades, Portfolio) in 1977, released its first-quarter portfolio earlier this week, listing 251 new positions. Warning! GuruFocus has detected 7 Warning Signs with CVNA.
On March 10, 2019, Mellanox entered into an agreement and plan of merger (the “Merger Agreement”) with NVIDIA. Pursuant to the terms of the Merger Agreement, shareholders of Mellanox will receive $125.00 per share in cash (the “Proposed Transaction”). To learn more, visit: https://www.rigrodskylong.com/cases-mellanox-technologies-ltd.
NEW YORK, May 14, 2019 -- Halper Sadeh LLP, a global investor rights law firm, alerts investors to shareholder class action lawsuits against Worldpay, Inc. (NYSE: WP), SunTrust.