Vantiv Inc. (VNTV) Rating Increased to Buy at Zacks Investment Research
Vantiv Inc. (NYSE:VNTV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $63.00 price target on the stock. Zacks Investment Research’s price objective points to a potential upside of 11.54% from the stock’s previous close.
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. “
Several other equities analysts also recently issued reports on the stock. Susquehanna raised shares of Vantiv from a “negative” rating to a “neutral” rating and boosted their price target for the company from $30.00 to $36.00 in a report on Thursday, August 25th. Knight Equity reaffirmed a “buy” rating on shares of Vantiv in a report on Sunday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of Vantiv from $59.00 to $62.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Vantiv from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Vantiv in a report on Tuesday, September 13th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $56.93.
Vantiv (NYSE:VNTV) opened at 56.48 on Thursday. Vantiv has a one year low of $42.01 and a one year high of $59.62. The stock has a 50 day moving average of $54.56 and a 200-day moving average of $54.79. The stock has a market cap of $8.79 billion, a P/E ratio of 46.87 and a beta of 0.59.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm earned $891 million during the quarter, compared to the consensus estimate of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. Analysts anticipate that Vantiv will post $2.66 EPS for the current year.
In related news, insider Matt Taylor sold 162,576 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $59.05, for a total value of $9,600,112.80. Following the completion of the sale, the insider now owns 70,435 shares of the company’s stock, valued at approximately $4,159,186.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Charles Drucker sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $57.00, for a total value of $216,600.00. Following the completion of the sale, the chief executive officer now directly owns 555,515 shares of the company’s stock, valued at approximately $31,664,355. The disclosure for this sale can be found here. 1.32% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. M&T Bank Corp boosted its stake in shares of Vantiv by 13.7% in the first quarter. M&T Bank Corp now owns 15,511 shares of the company’s stock valued at $835,000 after buying an additional 1,866 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Vantiv during the first quarter worth about $318,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Vantiv during the first quarter worth about $303,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Vantiv during the first quarter worth about $3,293,000. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of Vantiv by 6.5% in the first quarter. BlackRock Japan Co. Ltd now owns 210,327 shares of the company’s stock worth $11,332,000 after buying an additional 12,820 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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