Robert W. Baird Reiterates “Outperform” Rating for Vantiv, Inc. (VNTV)
Vantiv, Inc. (NYSE:VNTV)‘s stock had its “outperform” rating reaffirmed by Robert W. Baird in a research note issued to investors on Thursday. They currently have a $80.00 target price on the business services provider’s stock, up from their previous target price of $72.00. Robert W. Baird’s target price would suggest a potential upside of 15.44% from the company’s previous close.
A number of other analysts also recently issued reports on VNTV. Atlantic Securities started coverage on shares of Vantiv in a report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price target 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. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a report on Tuesday, May 30th. Stifel Nicolaus reissued a “hold” rating and issued a $66.00 price objective on shares of Vantiv in a report on Thursday, June 1st. Finally, Wedbush reissued a “neutral” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Vantiv in a report on Tuesday, June 6th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $69.68.
Vantiv (VNTV) traded up 3.28% during mid-day trading on Thursday, hitting $69.30. 12,016,960 shares of the stock traded hands. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 56.30 and a beta of 0.61. Vantiv has a 1-year low of $52.50 and a 1-year high of $70.15. The company’s 50 day moving average price is $63.44 and its 200-day moving average price is $63.40.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm 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 business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Analysts predict that Vantiv will post $3.30 earnings per share for the current year.
In other news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $63.14, for a total transaction of $733,813.08. Following the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.27% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC boosted its stake 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 during the last quarter. Shaker Investments LLC OH boosted its stake in Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares during the last quarter. Telemus Capital LLC boosted its stake in Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
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.
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