Vantiv, Inc. (NYSE:VNTV) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other brokerages have also recently commented on VNTV. Atlantic Securities began coverage on Vantiv in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 target price for the company. Stifel Nicolaus cut their price objective on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, July 6th. Keefe, Bruyette & Woods raised Vantiv from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a report on Thursday, June 22nd. Guggenheim raised Vantiv from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a report on Monday, July 17th. Finally, Cowen and Company reissued an “outperform” rating and set a $69.00 price objective on shares of Vantiv in a report on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $69.19.
Vantiv (NYSE:VNTV) traded up 4.31% during mid-day trading on Thursday, reaching $69.99. 3,552,356 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $63.34 and its 200 day moving average price is $63.40. Vantiv has a 12 month low of $52.50 and a 12 month high of $70.15. The stock has a market capitalization of $11.26 billion, a PE ratio of 56.86 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. Vantiv’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share. Equities research analysts predict that Vantiv will post $3.30 EPS for the current year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the transaction, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.27% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of VNTV. BlackRock Inc. boosted its position in shares of Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after buying an additional 10,257,026 shares during the period. Bessemer Group Inc. boosted its position in shares of Vantiv by 51.8% in the second quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock worth $147,891,000 after buying an additional 797,144 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Vantiv by 1,901.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock worth $50,668,000 after buying an additional 750,716 shares during the period. Pictet Asset Management Ltd. boosted its position in Vantiv by 75.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,452,693 shares of the business services provider’s stock valued at $93,147,000 after buying an additional 623,624 shares during the period. Finally, Vanguard Group Inc. boosted its position in Vantiv by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock valued at $822,504,000 after buying an additional 570,194 shares during the period. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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