Bank of America Corporation started coverage on shares of Vantiv, Inc. (NYSE:VNTV) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating on the business services provider’s stock.
Several other equities analysts have also recently issued reports on the company. BidaskClub cut Vantiv from a buy rating to a hold rating in a report on Thursday, September 7th. Zacks Investment Research upgraded Vantiv from a hold rating to a buy rating and set a $79.00 price target on the stock in a report on Tuesday, September 5th. KeyCorp reiterated a buy rating and issued a $80.00 price target on shares of Vantiv in a report on Friday, September 1st. Piper Jaffray Companies reiterated a hold rating and issued a $77.00 price target on shares of Vantiv in a report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. raised their price target on Vantiv from $70.00 to $77.00 and gave the company an outperform rating in a report on Wednesday, August 16th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Vantiv presently has an average rating of Buy and an average target price of $75.09.
Shares of Vantiv (VNTV) opened at 72.08 on Tuesday. The company has a market capitalization of $11.62 billion, a PE ratio of 60.93 and a beta of 0.59. The firm has a 50-day moving average of $69.71 and a 200 day moving average of $64.84. Vantiv has a 12 month low of $53.20 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. On average, equities research analysts expect that Vantiv will post $3.35 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Vantiv by 30.1% during the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after purchasing an additional 408 shares during the period. IFP Advisors Inc raised its position in shares of Vantiv by 123.0% during the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,060 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Vantiv by 404.7% during the second 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 during the period. WINTON GROUP Ltd acquired a new stake in shares of Vantiv during the first quarter worth about $203,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv during the second quarter worth about $204,000. 80.47% of the stock is currently owned by institutional investors.
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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