Vantiv, Inc. (VNTV) Downgraded by BidaskClub
Vantiv, Inc. (NYSE:VNTV) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Vantiv from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of Vantiv in a research note on Tuesday, May 30th. Stifel Nicolaus dropped their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. KeyCorp downgraded Vantiv to a “hold” rating in a research note on Monday, June 12th. Finally, Cowen and Company reissued an “outperform” rating and issued a $69.00 price objective on shares of Vantiv in a research note on Wednesday, June 28th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $74.08.
Vantiv (VNTV) opened at 70.69 on Friday. The company has a market capitalization of $11.40 billion, a P/E ratio of 59.75 and a beta of 0.61. Vantiv has a 12-month low of $52.50 and a 12-month high of $72.68. The company’s 50 day moving average price is $67.45 and its 200-day moving average price is $64.36.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The business had revenue of $530 million for the quarter, compared to the consensus estimate of $525.12 million. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that Vantiv will post $3.35 earnings per share for the current fiscal year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.27% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. 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 period. 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 period. 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 period. 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. 80.51% of the stock is owned by institutional investors and hedge funds.
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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