Zacks Investment Research cut shares of Vantiv, Inc. (NYSE:VNTV) from a hold rating to a sell rating in a research report released on Wednesday, June 28th.
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. “
A number of other equities research analysts also recently weighed in on the company. Credit Suisse Group reiterated a buy rating and issued a $69.00 target price on shares of Vantiv in a report on Tuesday, March 28th. Royal Bank Of Canada reiterated a buy rating and issued a $73.00 target price on shares of Vantiv in a report on Tuesday, May 30th. Atlantic Securities initiated coverage on Vantiv in a report on Wednesday, April 12th. They issued an overweight rating and a $74.00 target price for the company. KeyCorp downgraded Vantiv to a hold rating in a report on Monday, June 12th. Finally, Cowen and Company reissued an outperform rating and issued a $69.00 price objective on shares of Vantiv in a research note on Wednesday, June 28th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $67.24.
Shares of Vantiv (VNTV) traded down 0.37% during trading on Wednesday, hitting $64.02. The company had a trading volume of 1,606,116 shares. The stock has a 50-day moving average of $62.78 and a 200 day moving average of $63.28. Vantiv has a 12-month low of $52.45 and a 12-month high of $66.47. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 52.01 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The business had revenue of $470.10 million during the quarter, compared to the consensus estimate of $470.09 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, analysts predict that Vantiv will post $3.27 EPS for the current fiscal year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.27% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares during the last quarter. Shepherd Financial Partners LLC raised its stake in shares of Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares during the last quarter. Telemus Capital LLC raised its stake in shares of Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares during the last quarter. Utah Retirement Systems raised its stake in shares of Vantiv by 0.4% in the first quarter. Utah Retirement Systems now owns 28,300 shares of the business services provider’s stock valued at $1,815,000 after buying an additional 100 shares during the last quarter. Finally, Security Asset Management raised its stake in shares of Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.
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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