Vantiv Inc. (VNTV) Cut to Hold at Zacks Investment Research
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. “
Other research analysts have also recently issued reports about the stock. Pacific Crest set a $62.00 target price on shares of Vantiv and gave the stock a buy rating in a report on Thursday, September 15th. Jefferies Group reiterated a buy rating and set a $65.00 price target on shares of Vantiv in a research report on Tuesday, September 13th. Knight Equity reiterated a buy rating on shares of Vantiv in a research report on Sunday, July 24th. Barclays PLC reiterated a buy rating on shares of Vantiv in a research report on Saturday, July 9th. Finally, Nomura reiterated a buy rating and set a $63.00 price target (up previously from $62.00) on shares of Vantiv in a research report on Tuesday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Vantiv presently has a consensus rating of Buy and an average target price of $56.93.
Vantiv (NYSE:VNTV) opened at 55.93 on Thursday. Vantiv has a 52-week low of $42.01 and a 52-week high of $59.62. The company has a 50-day moving average of $55.03 and a 200 day moving average of $54.93. The company has a market cap of $8.71 billion, a PE ratio of 46.41 and a beta of 0.59.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The company had revenue of $891 million for the quarter, compared to analysts’ expectations of $465.66 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts predict that Vantiv will post $2.66 EPS for the current year.
In other Vantiv news, CEO Charles Drucker sold 3,800 shares of Vantiv stock in a transaction 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 $31,664,355. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Mark L. Heimbouch sold 15,000 shares of Vantiv stock in a transaction on Monday, August 1st. The shares were sold at an average price of $53.84, for a total transaction of $807,600.00. Following the completion of the sale, the chief operating officer now directly owns 149,153 shares of the company’s stock, valued at $8,030,397.52. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of VNTV. Credit Agricole S A increased its stake in Vantiv by 480.5% in the first quarter. Credit Agricole S A now owns 529,274 shares of the company’s stock valued at $28,518,000 after buying an additional 438,099 shares during the period. Associated Banc Corp acquired a new stake in Vantiv during the first quarter valued at approximately $304,000. M&T Bank Corp increased its stake in 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 acquired a new stake in Vantiv during the first quarter valued at approximately $318,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Vantiv during the first quarter valued at approximately $3,293,000. 80.60% of the stock is owned by hedge funds and other institutional investors.
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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