Shares of Vantiv Inc. (NYSE:VNTV) have earned an average recommendation of “Buy” from the twenty-seven research firms that are covering the firm. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $56.52.
A number of equities analysts recently weighed in on the stock. Knight Equity reiterated a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Pacific Crest reiterated an “overweight” rating and issued a $62.00 price objective on shares of Vantiv in a research report on Monday, July 11th. Barclays PLC reiterated a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Zacks Investment Research lowered shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Saturday, July 9th. Finally, Wedbush initiated coverage on Vantiv in a report on Thursday, September 8th. They issued a “neutral” rating and a $60.00 target price for the company.
Shares of Vantiv (NYSE:VNTV) traded up 1.27% during midday trading on Tuesday, hitting $55.96. 554,773 shares of the company were exchanged. Vantiv has a 52-week low of $42.01 and a 52-week high of $59.62. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 46.44 and a beta of 0.60. The company has a 50-day moving average price of $53.97 and a 200-day moving average price of $54.52.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The firm had revenue of $891 million for the quarter, compared to analyst estimates of $465.66 million. During the same period last year, the firm posted $0.56 EPS. Vantiv’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts forecast that Vantiv will post $2.66 EPS for the current year.
In related news, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $53.84, for a total transaction of $807,600.00. Following the transaction, the chief operating officer now directly owns 149,153 shares of the company’s stock, valued at approximately $8,030,397.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matt Taylor sold 162,576 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $59.05, for a total value of $9,600,112.80. Following the transaction, the insider now directly owns 70,435 shares in the company, valued at $4,159,186.75. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VNTV. BlackRock Japan Co. Ltd raised its position in Vantiv by 6.5% in the first quarter. BlackRock Japan Co. Ltd now owns 210,327 shares of the company’s stock valued at $11,332,000 after buying an additional 12,820 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Vantiv by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,079,804 shares of the company’s stock valued at $219,820,000 after buying an additional 123,955 shares during the period. BlackRock Fund Advisors raised its position in Vantiv by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,647,988 shares of the company’s stock valued at $88,794,000 after buying an additional 6,490 shares during the period. BlackRock Group LTD raised its position in Vantiv by 9.5% in the first quarter. BlackRock Group LTD now owns 583,596 shares of the company’s stock valued at $31,443,000 after buying an additional 50,548 shares during the period. Finally, BlackRock Inc. raised its position in Vantiv by 17.6% in the first quarter. BlackRock Inc. now owns 152,281 shares of the company’s stock valued at $8,205,000 after buying an additional 22,782 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.