SunTrust Banks, Inc. reaffirmed their hold rating on shares of Vantiv, Inc. (NYSE:VNTV) in a report published on Friday. SunTrust Banks, Inc. currently has a $71.00 price target on the business services provider’s stock.
A number of other brokerages have also issued reports on VNTV. Nomura boosted their price target on shares of Vantiv from $75.00 to $85.00 and gave the stock a buy rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $82.00 price target on shares of Vantiv and gave the stock a buy rating in a research note on Sunday, August 13th. Stifel Nicolaus dropped their price target on shares of Vantiv from $66.00 to $64.00 and set a hold rating on the stock in a research note on Thursday, July 6th. BidaskClub lowered shares of Vantiv from a buy rating to a hold rating in a research note on Thursday, September 7th. Finally, Guggenheim upgraded shares of Vantiv from a neutral rating to a buy rating and boosted their price target for the stock from $66.00 to $73.00 in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. Vantiv currently has an average rating of Buy and a consensus price target of $75.40.
Shares of Vantiv (VNTV) traded up 0.16% during midday trading on Friday, reaching $70.82. The company’s stock had a trading volume of 1,308,145 shares. Vantiv has a 52 week low of $54.38 and a 52 week high of $73.14. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 59.86 and a beta of 0.61. The company has a 50 day moving average of $71.48 and a 200-day moving average of $65.55.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. Vantiv’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Equities research analysts predict that Vantiv will post $3.35 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in shares of Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 1,739 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in shares of Vantiv in the second quarter valued at about $204,000. 80.16% of the stock is currently owned by institutional investors.
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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