Zacks Investment Research upgraded shares of Vantiv Inc. (NYSE:VNTV) from a hold rating to a buy rating in a research report released on Thursday morning. The firm currently has $63.00 price objective on the stock.
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. “
A number of other research analysts also recently commented on the stock. Pacific Crest set a $62.00 target price on shares of Vantiv and gave the company a buy rating in a research report on Thursday, September 15th. Jefferies Group reissued a buy rating and set a $65.00 price objective on shares of Vantiv in a research report on Tuesday, September 13th. Wedbush began coverage on shares of Vantiv in a research report on Thursday, September 8th. They set a neutral rating and a $60.00 price objective on the stock. Susquehanna raised shares of Vantiv from a negative rating to a neutral rating and raised their price objective for the stock from $30.00 to $36.00 in a research report on Thursday, August 25th. Finally, Nomura reissued a buy rating and set a $63.00 price objective (up from $62.00) on shares of Vantiv in a research report on Tuesday, August 2nd. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $56.93.
Shares of Vantiv (NYSE:VNTV) traded down 0.67% on Thursday, hitting $56.58. 437,535 shares of the company’s stock were exchanged. Vantiv has a 12-month low of $42.01 and a 12-month high of $59.62. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 46.95 and a beta of 0.59. The company’s 50-day moving average price is $54.48 and its 200 day moving average price is $54.76.
Vantiv (NYSE:VNTV) last posted its earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $891 million for the quarter, compared to the consensus estimate of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. On average, equities analysts predict that Vantiv will post $2.66 earnings per share for the current fiscal year.
In related news, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $53.89, for a total value of $117,911.32. Following the completion of the sale, the senior vice president now directly owns 12,488 shares in the company, valued at $672,978.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matt Taylor sold 162,576 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $59.05, for a total transaction of $9,600,112.80. Following the completion of the sale, the insider now owns 70,435 shares of the company’s stock, valued at $4,159,186.75. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its stake in Vantiv by 79.5% in the second quarter. Artisan Partners Limited Partnership now owns 2,980,178 shares of the company’s stock worth $168,678,000 after buying an additional 1,320,324 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Vantiv by 18,604.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,049,117 shares of the company’s stock worth $59,382,000 after buying an additional 1,043,508 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vantiv by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 10,590,298 shares of the company’s stock worth $599,412,000 after buying an additional 614,832 shares during the last quarter. Lazard Asset Management LLC increased its stake in Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock worth $61,661,000 after buying an additional 560,355 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Vantiv during the first quarter worth about $26,940,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.
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.
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