Vantiv, Inc. (VNTV) Stock Rating Reaffirmed by SunTrust Banks, Inc.
SunTrust Banks, Inc. restated their hold rating on shares of Vantiv, Inc. (NYSE:VNTV) in a research note issued to investors on Friday morning. They currently have a $71.00 price objective on the business services provider’s stock.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus raised Vantiv from a hold rating to a buy rating and raised their price target for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. Instinet reaffirmed a buy rating and set a $85.00 price target (up from $75.00) on shares of Vantiv in a research note on Monday, August 14th. Oppenheimer Holdings, Inc. raised their price target on Vantiv from $70.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday, August 16th. William Blair reaffirmed an outperform rating on shares of Vantiv in a research note on Monday, July 24th. Finally, BidaskClub raised Vantiv from a hold rating to a buy rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Vantiv presently has a consensus rating of Buy and an average price target of $75.40.
Shares of Vantiv (VNTV) opened at 71.16 on Friday. The stock’s 50 day moving average price is $71.44 and its 200-day moving average price is $65.63. The stock has a market cap of $11.48 billion, a PE ratio of 60.15 and a beta of 0.61. Vantiv has a one year low of $54.38 and a one year high of $73.14.
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 the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period last year, the business earned $0.70 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Vantiv will post $3.35 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its holdings in Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after buying an additional 217 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv during the 2nd quarter worth approximately $204,000. Great Lakes Advisors LLC grew its holdings in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares in the last quarter. Finally, Profund Advisors LLC acquired a new stake in shares of Vantiv during the 2nd quarter worth approximately $204,000. 80.16% of the stock is currently owned by hedge funds and other 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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