Investors Buy Shares of Vantiv (VNTV) on Weakness
Traders bought shares of Vantiv Inc (NYSE:VNTV) on weakness during trading hours on Thursday. $66.21 million flowed into the stock on the tick-up and $50.63 million flowed out of the stock on the tick-down, for a money net flow of $15.58 million into the stock. Of all stocks tracked, Vantiv had the 25th highest net in-flow for the day. Vantiv traded down ($0.05) for the day and closed at $75.66
A number of equities research analysts have recently issued reports on VNTV shares. Nomura reiterated a “buy” rating and set a $85.00 price objective on shares of Vantiv in a research note on Friday, September 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $82.00 price objective on shares of Vantiv in a research note on Thursday, September 28th. Citigroup reiterated a “buy” rating and set a $83.00 price objective on shares of Vantiv in a research note on Monday, September 25th. BidaskClub cut Vantiv from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, Buckingham Research started coverage on Vantiv in a research note on Monday, October 2nd. They set a “neutral” rating and a $78.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $79.69.
The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $13,450.00, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 1.53 and a beta of 0.58.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Investment Advisory Services Inc. raised its stake in Vantiv by 4,007.5% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 132,385 shares of the business services provider’s stock valued at $9,329,000 after acquiring an additional 129,162 shares during the period. Strs Ohio raised its stake in Vantiv by 46.6% in the 3rd quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock valued at $85,449,000 after acquiring an additional 385,704 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Vantiv in the 3rd quarter valued at $326,000. Renaissance Technologies LLC acquired a new position in Vantiv in the 2nd quarter valued at $51,274,000. Finally, JPMorgan Chase & Co. grew its holdings in Vantiv by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after buying an additional 1,988,656 shares in the last quarter.
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Vantiv Company Profile
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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