Vantiv, Inc. (VNTV) Downgraded to “Hold” at Zacks Investment Research
Vantiv, Inc. (NYSE:VNTV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
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. “
VNTV has been the subject of several other reports. Deutsche Bank AG restated a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Piper Jaffray Companies restated a “hold” rating and set a $77.00 price objective on shares of Vantiv in a research report on Thursday, August 24th. BidaskClub downgraded Vantiv from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $85.00 in a research report on Thursday, August 10th. Finally, William Blair restated an “outperform” rating on shares of Vantiv in a research report on Monday, July 24th. Twelve research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.40.
Shares of Vantiv (NYSE VNTV) traded down 0.600% during mid-day trading on Thursday, hitting $70.375. The stock had a trading volume of 323,492 shares. Vantiv has a 1-year low of $54.38 and a 1-year high of $73.14. The stock’s 50-day moving average price is $71.39 and its 200 day moving average price is $65.73. The company has a market capitalization of $11.35 billion, a P/E ratio of 59.489 and a beta of 0.61.
Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $530.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. On average, analysts predict that Vantiv will post $3.35 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Great Lakes Advisors LLC increased its stake in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the period. Shaker Investments LLC OH increased its stake in shares of Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares during the period. Capstone Asset Management Co. increased its stake in shares of Vantiv by 3.1% in the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after buying an additional 140 shares during the period. Finally, Associated Banc Corp increased its stake in shares of Vantiv by 1.2% in the second quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after buying an additional 215 shares during the period. 80.16% 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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