Vantiv, Inc. (VNTV) Upgraded to Buy at Zacks Investment Research
Vantiv, Inc. (NYSE:VNTV) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $72.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.04% from the company’s current price.
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. “
Other analysts have also recently issued research reports about the stock. Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $73.00 in a report on Monday, July 17th. Credit Suisse Group reissued a “buy” rating and set a $69.00 price objective on shares of Vantiv in a report on Tuesday, March 28th. Jefferies Group LLC set a $69.00 price objective on shares of Vantiv and gave the stock a “hold” rating in a report on Saturday, March 25th. BidaskClub raised shares of Vantiv from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, KeyCorp raised shares of Vantiv from a “sector weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a report on Thursday, July 13th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.24.
Vantiv (NYSE:VNTV) opened at 64.26 on Friday. The company’s 50 day moving average is $62.42 and its 200 day moving average is $63.17. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 52.20 and a beta of 0.61. Vantiv has a 1-year low of $52.45 and a 1-year high of $66.24.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $470.09 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast 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 business’s stock in a transaction 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 transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.27% of the company’s stock.
A number of institutional investors have recently made changes to their positions in VNTV. Vanguard Group Inc. boosted its position 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 valued at $822,504,000 after buying an additional 570,194 shares in the last quarter. BlackRock Inc. boosted its position 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 valued at $676,710,000 after buying an additional 10,257,026 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Vantiv by 3.1% in the first quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock valued at $369,959,000 after buying an additional 171,224 shares in the last quarter. State Street Corp boosted its position in shares of Vantiv by 0.8% in the first quarter. State Street Corp now owns 2,927,932 shares of the business services provider’s stock valued at $187,736,000 after buying an additional 24,429 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Vantiv by 11.9% in the first quarter. Morgan Stanley now owns 1,544,499 shares of the business services provider’s stock valued at $99,032,000 after buying an additional 163,879 shares in the last quarter. 83.70% of the stock is currently owned by 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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