A number of other equities analysts also recently issued reports on VNTV. Zacks Investment Research upgraded Vantiv from a sell rating to a buy rating and set a $72.00 price objective for the company in a research report on Saturday, July 22nd. BidaskClub upgraded Vantiv from a sell rating to a hold rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods upgraded Vantiv from a market perform rating to an outperform rating and set a $69.00 price objective for the company in a research report on Thursday, June 22nd. Wedbush restated a neutral rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus restated a hold rating and set a $66.00 price objective on shares of Vantiv in a research report on Thursday, June 1st. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $69.87.
Shares of Vantiv (NYSE VNTV) traded up 1.05% on Monday, hitting $70.03. The company’s stock had a trading volume of 5,467,033 shares. Vantiv has a 52 week low of $52.50 and a 52 week high of $70.15. The stock’s 50-day moving average price is $63.84 and its 200-day moving average price is $63.50. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 59.20 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) 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 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period last year, the company earned $0.70 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Vantiv will post $3.33 earnings per share for the current fiscal year.
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In other news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction that occurred on 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 owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of VNTV. HighTower Advisors LLC acquired a new stake in shares of Vantiv during the first quarter worth approximately $230,000. NN Investment Partners Holdings N.V. raised 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 worth $4,219,000 after buying an additional 599 shares during the period. Bank of Montreal Can raised 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 worth $4,105,000 after buying an additional 43,185 shares during the period. Origin Asset Management LLP acquired a new stake in shares of Vantiv during the first quarter worth approximately $8,374,000. Finally, Teachers Advisors LLC raised 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 worth $26,449,000 after buying an additional 7,224 shares during the period. Institutional investors own 84.49% of the company’s stock.
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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