Vantiv, Inc. (VNTV) Upgraded by BidaskClub to “Buy”
Vantiv, Inc. (NYSE:VNTV) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
A number of other equities analysts have also weighed in on the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of Vantiv in a research note on Tuesday, March 28th. KeyCorp lowered shares of Vantiv to a “hold” rating in a research note on Monday, June 12th. Atlantic Securities assumed coverage on shares of Vantiv in a research note on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Finally, Stifel Nicolaus reduced their target price on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.14.
Shares of Vantiv (NYSE VNTV) opened at 63.07 on Wednesday. The stock has a 50 day moving average price of $62.35 and a 200 day moving average price of $63.16. Vantiv has a 12 month low of $52.45 and a 12 month high of $66.24. The firm has a market cap of $10.15 billion, a PE ratio of 51.23 and a beta of 0.61.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The company had revenue of $470.10 million during the quarter, compared to analyst estimates of $470.09 million. During the same quarter in the previous year, the business earned $0.56 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Vantiv will post $3.27 EPS for the current year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNTV. Ladenburg Thalmann Financial Services Inc. boosted its position in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares in the last quarter. Toronto Dominion Bank boosted 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 in the last quarter. IFP Advisors Inc boosted 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 in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Vantiv during the first quarter valued at approximately $203,000. Finally, Pacer Advisors Inc. boosted its position in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock valued at $205,000 after buying an additional 1,739 shares in the last quarter. 83.70% of the stock is currently owned by hedge funds and other institutional investors.
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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