Vantiv Inc. (NYSE:VNTV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “
A number of other research firms have also commented on VNTV. Knight Equity reaffirmed a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Pacific Crest reaffirmed an “overweight” rating and set a $62.00 price target on shares of Vantiv in a research report on Monday, July 11th. Barclays PLC reaffirmed a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Wedbush began coverage on shares of Vantiv in a research report on Thursday, September 8th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on shares of Vantiv from $59.00 to $62.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.93.
Vantiv (NYSE:VNTV) opened at 56.33 on Thursday. Vantiv has a 12 month low of $42.01 and a 12 month high of $59.62. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 46.75 and a beta of 0.59. The stock’s 50 day moving average is $54.96 and its 200-day moving average is $54.89.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The business had revenue of $891 million for the quarter, compared to analyst estimates of $465.66 million. During the same period last year, the firm earned $0.56 earnings per share. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Vantiv will post $2.66 earnings per share for the current fiscal year.
In other Vantiv news, CEO Charles Drucker sold 42,683 shares of the business’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $57.06, for a total transaction of $2,435,491.98. Following the completion of the sale, the chief executive officer now owns 523,664 shares in the company, valued at approximately $29,880,267.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $53.89, for a total transaction of $117,911.32. Following the sale, the senior vice president now owns 12,488 shares of the company’s stock, valued at approximately $672,978.32. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in VNTV. Capital Fund Management S.A. increased its position in Vantiv by 1,878.0% in the second quarter. Capital Fund Management S.A. now owns 187,314 shares of the company’s stock worth $10,602,000 after buying an additional 177,844 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Vantiv during the first quarter worth about $26,940,000. Strs Ohio increased its position in Vantiv by 0.6% in the second quarter. Strs Ohio now owns 842,613 shares of the company’s stock worth $47,691,000 after buying an additional 5,044 shares in the last quarter. Prudential Financial Inc. increased its position in Vantiv by 1.2% in the first quarter. Prudential Financial Inc. now owns 54,850 shares of the company’s stock worth $2,955,000 after buying an additional 630 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Vantiv by 1.9% in the first quarter. Geode Capital Management LLC now owns 925,027 shares of the company’s stock worth $49,812,000 after buying an additional 16,999 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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