Vantiv, Inc. (VNTV) PT Set at $80.00 by Craig Hallum
Vantiv, Inc. (NYSE:VNTV) has been assigned a $80.00 price objective by equities researchers at Craig Hallum in a research report issued on Thursday. The brokerage currently has a “buy” rating on the business services provider’s stock. Craig Hallum’s price target would indicate a potential upside of 19.23% from the stock’s current price.
Several other equities analysts have also issued reports on VNTV. Atlantic Securities started coverage on shares of Vantiv in a report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 price target on the stock. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price objective on shares of Vantiv in a research note on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research note on Thursday, June 1st. Finally, Wedbush reiterated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.19.
Vantiv (NYSE:VNTV) traded up 4.32% during trading on Thursday, reaching $70.00. The company had a trading volume of 3,552,588 shares. The stock has a market capitalization of $11.26 billion, a P/E ratio of 56.86 and a beta of 0.61. Vantiv has a 12-month low of $52.50 and a 12-month high of $70.15. The stock has a 50 day moving average of $63.34 and a 200-day moving average of $63.40.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The business had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same period in the previous year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts forecast that Vantiv will post $3.30 earnings per share for the current fiscal year.
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In other news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the sale, the insider now owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.27% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 in the last quarter. Bessemer Group Inc. boosted its stake in 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 in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in 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 in the last quarter. Pictet Asset Management Ltd. boosted its stake 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 worth $93,147,000 after buying an additional 623,624 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 worth $822,504,000 after buying an additional 570,194 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.
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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