Vantiv Inc (VNTV) Downgraded 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 research report issued to clients and investors on Saturday.
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. “
A number of other research firms have also recently commented on VNTV. Jefferies Group LLC cut Vantiv from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research report on Thursday, February 9th. Credit Suisse Group AG reiterated a “buy” rating and set a $69.00 price objective on shares of Vantiv in a research report on Tuesday, March 28th. Instinet reiterated a “buy” rating and set a $72.00 price objective on shares of Vantiv in a research report on Monday, February 6th. Stifel Nicolaus lifted their price objective on Vantiv from $55.00 to $63.00 and gave the stock a “hold” rating in a research report on Monday, January 30th. Finally, Atlantic Securities assumed coverage on Vantiv in a research report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Vantiv currently has an average rating of “Hold” and an average price target of $65.07.
Shares of Vantiv (NYSE:VNTV) opened at 62.41 on Friday. Vantiv has a one year low of $50.52 and a one year high of $66.24. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 50.70 and a beta of 0.54. The company has a 50 day moving average of $63.19 and a 200-day moving average of $62.00.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $470.09 million. Vantiv had a return on equity of 34.93% and a net margin of 5.96%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, analysts anticipate that Vantiv will post $3.27 earnings per share for the current year.
In related news, SVP Christopher A. Thompson sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $65.60, for a total transaction of $160,457.60. Following the transaction, the senior vice president now directly owns 7,321 shares of the company’s stock, valued at approximately $480,257.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $63.68, for a total value of $955,200.00. Following the transaction, the chief operating officer now directly owns 151,273 shares in the company, valued at $9,633,064.64. The disclosure for this sale can be found here. Insiders sold a total of 167,446 shares of company stock worth $10,862,658 over the last ninety days. Corporate insiders own 1.32% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. South Texas Money Management Ltd. raised its position in Vantiv by 0.4% in the third quarter. South Texas Money Management Ltd. now owns 513,488 shares of the business services provider’s stock valued at $28,894,000 after buying an additional 2,147 shares during the period. Trexquant Investment LP acquired a new position in shares of Vantiv during the fourth quarter worth about $3,342,000. Capital Fund Management S.A. raised its position in shares of Vantiv by 1,878.0% in the second quarter. Capital Fund Management S.A. now owns 187,314 shares of the business services provider’s stock worth $10,602,000 after buying an additional 177,844 shares during the last quarter. Janus Capital Management raised its position in shares of Vantiv by 60.9% in the third quarter. Janus Capital Management now owns 836,300 shares of the business services provider’s stock worth $37,567,000 after buying an additional 316,600 shares during the last quarter. Finally, SECOR Capital Advisors LP raised its position in shares of Vantiv by 247.6% in the fourth quarter. SECOR Capital Advisors LP now owns 33,122 shares of the business services provider’s stock worth $1,571,000 after buying an additional 23,594 shares during the last quarter. 81.05% of the stock is currently owned by hedge funds and other institutional investors.
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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