Vantiv, Inc. (VNTV) Rating Lowered to Hold at KeyCorp
Vantiv, Inc. (NYSE:VNTV) was downgraded by research analysts at KeyCorp to a “hold” rating in a research report issued to clients and investors on Monday.
A number of other equities analysts also recently commented on VNTV. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC set a $69.00 price objective on Vantiv and gave the stock a “hold” rating in a research report on Saturday, March 25th. Credit Suisse Group reiterated a “buy” rating and set a $69.00 price objective on shares of Vantiv in a research report on Tuesday, March 28th. Atlantic Securities initiated coverage on Vantiv in a research report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price objective on shares of Vantiv in a research report on Tuesday, May 30th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $65.88.
Vantiv (NYSE:VNTV) traded up 0.49% during trading on Monday, hitting $63.24. The stock had a trading volume of 1,138,566 shares. The company’s 50 day moving average is $62.77 and its 200-day moving average is $62.36. Vantiv has a 12 month low of $50.52 and a 12 month high of $66.24. The company has a market cap of $10.17 billion, a PE ratio of 51.37 and a beta of 0.62.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The firm had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.09 million. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Vantiv will post $3.27 earnings per share for the current year.
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In other news, COO Mark L. Heimbouch sold 15,000 shares of Vantiv stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 151,273 shares of the company’s stock, valued at $9,633,064.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.27% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of 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 during the last quarter. Norges Bank purchased a new stake in shares of Vantiv during the fourth quarter worth $92,157,000. Allianz Asset Management AG boosted its stake in shares of Vantiv by 150.0% in the fourth quarter. Allianz Asset Management AG now owns 1,239,893 shares of the business services provider’s stock worth $73,923,000 after buying an additional 743,855 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. 83.74% 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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