Vantiv, Inc. (VNTV) Receives Consensus Rating of “Buy” from Brokerages
Shares of Vantiv, Inc. (NYSE:VNTV) have been assigned a consensus rating of “Buy” from the twenty-six brokerages that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $69.77.
A number of analysts have commented on VNTV shares. Zacks Investment Research raised 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 reissued a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus reissued a “hold” rating and issued a $66.00 price target on shares of Vantiv in a research report on Thursday, June 1st. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Finally, KeyCorp lowered shares of Vantiv to a “hold” rating in a research report on Monday, June 12th.
Vantiv (VNTV) traded up 1.05% during trading on Friday, hitting $70.03. 5,467,033 shares of the stock were exchanged. The firm has a market cap of $11.29 billion, a PE ratio of 59.20 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’s 50-day moving average price is $63.84 and its 200-day moving average price is $63.50.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company had revenue of $530 million during the quarter, compared to analyst estimates of $525.12 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts expect that Vantiv will post $3.33 EPS for the current year.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. Company insiders own 1.27% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its position in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares during the period. IFP Advisors Inc increased its position in shares of Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,060 shares during the period. WINTON GROUP Ltd bought a new position in shares of Vantiv during the first quarter valued at approximately $203,000. Beacon Investment Advisory Services Inc. bought a new position in shares of Vantiv during the second quarter valued at approximately $204,000. Finally, Great Lakes Advisors LLC increased its position in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the period. Institutional investors own 84.49% of the company’s stock.
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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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