Bank of America Corporation started coverage on shares of Vantiv, Inc. (NYSE:VNTV) in a research report report published on Tuesday morning. The brokerage issued a neutral rating on the business services provider’s stock.
Several other research firms have also issued reports on VNTV. Piper Jaffray Companies restated a hold rating and set a $77.00 price target on shares of Vantiv in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. raised their price target on shares of Vantiv from $70.00 to $77.00 and gave the stock an outperform rating in a report on Wednesday, August 16th. BidaskClub upgraded shares of Vantiv from a buy rating to a strong-buy rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Vantiv from a hold rating to a buy rating and set a $79.00 price target for the company in a report on Tuesday, September 5th. Finally, KeyCorp restated a buy rating and set a $80.00 price target on shares of Vantiv in a report on Friday, September 1st. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $74.54.
Shares of Vantiv (NYSE:VNTV) opened at 72.48 on Tuesday. Vantiv has a 52 week low of $52.85 and a 52 week high of $72.91. The company has a market cap of $11.69 billion, a P/E ratio of 61.27 and a beta of 0.59. The firm has a 50-day moving average of $68.82 and a 200 day moving average of $64.64.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm had revenue of $530.00 million during the quarter, compared to analyst estimates of $525.12 million. During the same quarter last year, the business earned $0.70 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Equities analysts anticipate that Vantiv will post $3.35 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Vantiv by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock valued at $843,706,000 after purchasing an additional 492,711 shares in the last quarter. BlackRock Inc. boosted its holdings in Vantiv by 3,456.0% during the 1st quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after acquiring an additional 10,257,026 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Vantiv by 3.1% during the 1st quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock worth $369,959,000 after acquiring an additional 171,224 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Vantiv by 5.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after acquiring an additional 235,112 shares during the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Vantiv by 3.6% during the 2nd quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock worth $230,893,000 after acquiring an additional 128,308 shares during the last quarter. Institutional investors and hedge funds own 80.47% 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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