Vantiv, Inc. (VNTV) Rating Increased to Strong-Buy at BidaskClub
Vantiv, Inc. (NYSE:VNTV) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
Several other equities research analysts also recently issued reports on VNTV. Zacks Investment Research downgraded Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus lowered their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. KeyCorp downgraded Vantiv to a “hold” rating in a research report on Monday, June 12th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Vantiv in a research report on Wednesday, June 28th. Eight research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Vantiv has an average rating of “Buy” and an average target price of $72.04.
Shares of Vantiv (NYSE:VNTV) traded up 0.20% during midday trading on Friday, hitting $71.85. The stock had a trading volume of 1,956,039 shares. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 60.74 and a beta of 0.61. Vantiv has a 1-year low of $52.50 and a 1-year high of $72.59. The firm has a 50-day moving average price of $64.86 and a 200-day moving average price of $63.75.
Vantiv (NYSE:VNTV) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Vantiv will post $3.35 EPS for the current fiscal year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction on Friday, June 9th. The shares were 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 of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in shares of Vantiv during the first quarter valued at about $230,000. NN Investment Partners Holdings N.V. raised its position in shares of Vantiv by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after buying an additional 599 shares during the period. Bank of Montreal Can raised its position in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock valued at $4,105,000 after buying an additional 43,185 shares during the period. Origin Asset Management LLP purchased a new position in shares of Vantiv during the first quarter valued at about $8,374,000. Finally, Teachers Advisors LLC raised its position in shares of Vantiv by 1.8% in the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the period. 82.85% of the stock is 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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