Zacks Investment Research Upgrades Vantiv, Inc. (VNTV) to “Buy”
Vantiv, Inc. (NYSE:VNTV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $78.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 7.93% from the company’s current price.
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 research analysts have also recently issued research reports about the company. Stifel Nicolaus raised Vantiv from a “hold” rating to a “buy” rating and increased their price target for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. Instinet reissued a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Vantiv in a research note on Monday. BidaskClub raised Vantiv from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. William Blair reissued an “outperform” rating on shares of Vantiv in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research note on Wednesday, August 9th. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $72.04.
Shares of Vantiv (NYSE VNTV) opened at 72.27 on Tuesday. The firm has a market capitalization of $11.65 billion, a P/E ratio of 61.09 and a beta of 0.61. The company’s 50 day moving average price is $64.62 and its 200 day moving average price is $63.69. Vantiv has a one year low of $52.50 and a one year high of $72.59.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $530 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 firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, analysts expect that Vantiv will post $3.35 EPS for the current fiscal year.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.27% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares during the last quarter. IFP Advisors Inc raised its position in shares of Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,060 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Vantiv during the first quarter valued at $203,000. Finally, Beacon Investment Advisory Services Inc. purchased a new position in shares of Vantiv during the second quarter valued at $204,000. 82.85% of the stock is currently 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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