Vantiv, Inc. (NYSE:VNTV) Upgraded to Buy by Guggenheim
Vantiv, Inc. (NYSE:VNTV) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other research analysts also recently commented on VNTV. Jefferies Group LLC set a $69.00 price target on Vantiv and gave the company a “hold” rating in a research note on Saturday, March 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 price target on shares of Vantiv in a research note on Tuesday, March 28th. Atlantic Securities initiated coverage on Vantiv in a research note on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 price target for the company. Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.85.
Vantiv (NYSE VNTV) opened at 65.19 on Monday. Vantiv has a 52 week low of $52.45 and a 52 week high of $66.24. The stock has a 50 day moving average of $62.17 and a 200-day moving average of $62.75. The firm has a market cap of $10.49 billion, a PE ratio of 52.96 and a beta of 0.61. Vantiv also was the target of some unusual options trading on Friday. Traders bought 7,583 call options on the company. This is an increase of approximately 1,680% compared to the typical volume of 426 call options.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The business had revenue of $470.10 million during the quarter, compared to the consensus estimate of $470.09 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. Vantiv’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Analysts expect that Vantiv will post $3.27 earnings per share for the current year.
In related news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.27% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Telemus Capital LLC increased its stake in shares of Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock worth $775,000 after buying an additional 92 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Vantiv during the first quarter worth about $242,000. Capstone Asset Management Co. increased its stake in shares of Vantiv by 15.4% in the first quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after buying an additional 600 shares during the period. Bank of Montreal Can increased its stake in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares during the period. Finally, National Pension Service increased its stake in shares of Vantiv by 51,676.2% in the first quarter. National Pension Service now owns 167,237 shares of the business services provider’s stock worth $10,743,000 after buying an additional 166,914 shares during the period. Hedge funds and other institutional investors own 83.70% 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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