BidaskClub Downgrades Vantiv, Inc. (VNTV) to Hold
Vantiv, Inc. (NYSE:VNTV) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
VNTV has been the subject of a number of other research reports. KeyCorp cut Vantiv to a “hold” rating in a research report on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Vantiv in a research report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Zacks Investment Research cut Vantiv from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus decreased their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.54.
Shares of Vantiv (NYSE VNTV) opened at 72.27 on Thursday. Vantiv has a 1-year low of $52.50 and a 1-year high of $72.68. The stock’s 50 day moving average is $68.58 and its 200-day moving average is $64.60. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 61.09 and a beta of 0.59.
Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, analysts anticipate that Vantiv will post $3.35 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in shares of Vantiv in the first quarter valued at $230,000. NN Investment Partners Holdings N.V. raised its stake 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 purchasing an additional 599 shares in the last quarter. Teachers Advisors LLC raised its stake 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 purchasing an additional 7,224 shares in the last quarter. Origin Asset Management LLP acquired a new position in shares of Vantiv in the first quarter valued at $8,374,000. Finally, GAM Holding AG raised its stake in shares of Vantiv by 41.6% in the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 6,045 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.
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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