Vantiv, Inc. (VNTV) Stock Rating Lowered by Zacks Investment Research
Vantiv, Inc. (NYSE:VNTV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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 reports about the company. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reiterated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. upped their target price on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, William Blair reiterated an “outperform” rating on shares of Vantiv in a research report on Monday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $74.50.
Vantiv (VNTV) opened at 70.81 on Friday. Vantiv has a one year low of $52.50 and a one year high of $72.68. The company has a market capitalization of $11.42 billion, a PE ratio of 59.86 and a beta of 0.59. The firm’s 50 day moving average price is $67.63 and its 200-day moving average price is $64.41.
Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. Equities analysts forecast that Vantiv will post $3.35 earnings per share for the current fiscal year.
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In other news, insider Matt Taylor sold 11,622 shares of the 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 completion of the sale, the insider now owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.27% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of VNTV. HighTower Advisors LLC bought a new stake in shares of Vantiv during the first quarter valued at $230,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Vantiv by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after buying an additional 599 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Vantiv by 1.8% in the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock valued at $4,105,000 after buying an additional 43,185 shares during the last quarter. Finally, Origin Asset Management LLP bought a new stake in shares of Vantiv during the first quarter valued at $8,374,000. 80.51% of the stock is 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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