Vantiv Inc. (VNTV) Cut to “Hold” at Zacks Investment Research
Vantiv Inc. (NYSE:VNTV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “
Several other research firms also recently issued reports on VNTV. Knight Equity reissued a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Pacific Crest reissued an “overweight” rating and issued a $62.00 price target on shares of Vantiv in a research report on Monday, July 11th. Barclays PLC reissued a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Wedbush began coverage on shares of Vantiv in a research report on Thursday, September 8th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Vantiv from $59.00 to $62.00 and gave the company a “market perform” rating in a research report on Friday, July 29th. Eleven 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 $56.93.
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Shares of Vantiv (NYSE:VNTV) opened at 56.23 on Thursday. The firm’s 50-day moving average is $54.79 and its 200 day moving average is $54.86. Vantiv has a 52-week low of $42.01 and a 52-week high of $59.62. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 46.66 and a beta of 0.59.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company earned $891 million during the quarter, compared to analyst estimates of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities research analysts anticipate that Vantiv will post $2.66 earnings per share for the current year.
In other news, CEO Charles Drucker sold 3,800 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $57.00, for a total transaction of $216,600.00. Following the completion of the transaction, the chief executive officer now owns 555,515 shares of the company’s stock, valued at $31,664,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $53.89, for a total value of $117,911.32. Following the transaction, the senior vice president now directly owns 12,488 shares of the company’s stock, valued at approximately $672,978.32. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of VNTV. Artisan Partners Limited Partnership raised its position in shares of Vantiv by 79.5% in the second quarter. Artisan Partners Limited Partnership now owns 2,980,178 shares of the company’s stock valued at $168,678,000 after buying an additional 1,320,324 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Vantiv by 18,604.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,049,117 shares of the company’s stock valued at $59,382,000 after buying an additional 1,043,508 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vantiv by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 10,590,298 shares of the company’s stock valued at $599,412,000 after buying an additional 614,832 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock valued at $61,661,000 after buying an additional 560,355 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Vantiv during the first quarter valued at about $26,940,000. 80.57% of the stock is owned by institutional investors.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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