Zacks Investment Research Downgrades Vantiv, Inc. (VNTV) to Sell
Vantiv, Inc. (NYSE:VNTV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
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 also recently issued research reports about the stock. BidaskClub raised shares of Vantiv from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a report on Monday, July 17th. Stifel Nicolaus raised shares of Vantiv from a “hold” rating to a “buy” rating and lifted their target price for the stock from $63.00 to $85.00 in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Vantiv in a report on Wednesday, August 9th. Finally, Craig Hallum set a $80.00 target price on shares of Vantiv and gave the stock a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $75.68.
Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. Vantiv’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS.
Large investors have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Vantiv in the 1st quarter valued at approximately $230,000. GAM Holding AG increased its position in Vantiv by 41.6% during the 2nd quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock worth $1,303,000 after purchasing an additional 6,045 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in Vantiv by 0.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock worth $4,219,000 after purchasing an additional 599 shares in the last quarter. Teachers Advisors LLC increased its position in Vantiv by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock worth $26,449,000 after purchasing an additional 7,224 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Vantiv by 0.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock worth $12,637,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors own 80.03% 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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