Vantiv, Inc. (NYSE:VNTV) Given Average Rating of “Buy” by Brokerages
Vantiv, Inc. (NYSE:VNTV) has received an average rating of “Buy” from the twenty-five research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.00.
A number of equities research analysts have recently commented on the company. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $73.00 in a research report on Monday. KeyCorp raised shares of Vantiv from a “sector weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, July 13th. Barclays PLC reaffirmed a “hold” rating and issued a $71.00 price target on shares of Vantiv in a research note on Thursday, July 6th. Stifel Nicolaus decreased their price target on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Vantiv from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th.
Shares of Vantiv (NYSE:VNTV) traded down 0.72% on Tuesday, reaching $63.07. The company’s stock had a trading volume of 2,063,105 shares. The firm has a market capitalization of $10.15 billion, a PE ratio of 51.23 and a beta of 0.61. Vantiv has a one year low of $52.45 and a one year high of $66.24. The firm has a 50-day moving average price of $62.17 and a 200 day moving average price of $62.75.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.09 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. On average, analysts anticipate that Vantiv will post $3.27 earnings per share for the current fiscal year.
In related news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the sale, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 worth $110,000 after buying an additional 68 shares during the period. Toronto Dominion Bank boosted its stake 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 worth $113,000 after buying an additional 408 shares during the period. IFP Advisors Inc boosted its stake 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 worth $123,000 after buying an additional 1,060 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Vantiv during the first quarter worth $203,000. Finally, Pacer Advisors Inc. boosted its stake 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 worth $205,000 after buying an additional 1,739 shares during the period. 83.70% of the stock is 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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