Vantiv, Inc. (VNTV) Price Target Raised to $77.00
Vantiv, Inc. (NYSE:VNTV) had its price target lifted by equities researchers at Oppenheimer Holdings, Inc. from $70.00 to $77.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 7.17% from the company’s current price.
VNTV has been the topic of several other reports. Wedbush reiterated a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Vantiv in a report on Tuesday, June 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $66.00 price target on shares of Vantiv in a report on Thursday, June 1st. KeyCorp downgraded Vantiv to a “hold” rating in a report on Monday, June 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $72.00 price target (up from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $72.04.
Shares of Vantiv (VNTV) traded up 0.88% during midday trading on Wednesday, hitting $72.48. The stock had a trading volume of 1,509,010 shares. Vantiv has a 52-week low of $52.50 and a 52-week high of $72.54. The company has a market cap of $11.69 billion, a PE ratio of 61.27 and a beta of 0.61. The company’s 50 day moving average is $64.34 and its 200 day moving average is $63.63.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The firm had revenue of $530 million for the quarter, compared to the consensus estimate of $525.12 million. During the same period in the prior year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts anticipate that Vantiv will post $3.33 earnings per share for the current year.
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In other news, insider Matt Taylor sold 11,622 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.27% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Beacon Capital Management acquired a new stake in shares of Vantiv during the fourth quarter valued at approximately $0. Toronto Dominion Bank raised its position 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. Ladenburg Thalmann Financial Services Inc. raised its position 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. IFP Advisors Inc raised its position 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. Finally, Global X Management Co. LLC raised its position in shares of Vantiv by 153.5% in the second quarter. Global X Management Co. LLC now owns 1,972 shares of the business services provider’s stock worth $112,000 after buying an additional 1,194 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.
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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