Vantiv, Inc. (VNTV) Posts Earnings Results, Beats Estimates By $0.01 EPS
Vantiv, Inc. (NYSE:VNTV) posted its quarterly earnings data on Wednesday. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01, Bloomberg Earnings reports. The company had revenue of $530 million for the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Vantiv updated its Q3 guidance to $0.88-0.90 EPS and its FY17 guidance to $3.31-3.36 EPS.
Vantiv (VNTV) traded up 3.14% during midday trading on Wednesday, hitting $67.10. 10,690,225 shares of the stock traded hands. The company’s 50 day moving average price is $62.81 and its 200 day moving average price is $63.31. Vantiv has a 12 month low of $52.50 and a 12 month high of $68.07. The firm has a market cap of $10.79 billion, a PE ratio of 54.51 and a beta of 0.61.
In other news, insider Matt Taylor sold 11,622 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the transaction, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VNTV. Toronto Dominion Bank increased its position in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares in the last quarter. IFP Advisors Inc increased its position in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,060 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Vantiv during the first quarter valued at approximately $203,000. Beacon Investment Advisory Services Inc. purchased a new position in Vantiv during the second quarter valued at approximately $204,000. Finally, Great Lakes Advisors LLC increased its position in 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 buying an additional 47 shares in the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Tuesday, April 25th. Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $66.00 to $73.00 in a report on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Vantiv in a report on Monday, July 24th. Finally, BidaskClub downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.79.
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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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