Vantiv, Inc. (VNTV) Coverage Initiated at Bank of America Corporation

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.

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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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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