Vantiv, Inc. (NYSE:VNTV) Stock Rating Reaffirmed by Deutsche Bank AG
Vantiv, Inc. (NYSE:VNTV)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a $72.00 target price on the business services provider’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 7.30% from the stock’s current price.
VNTV has been the subject of several other reports. KeyCorp cut shares of Vantiv to a “hold” rating in a research report on Monday, June 12th. Atlantic Securities started coverage on shares of Vantiv in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus dropped their target price on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, May 30th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.32.
Vantiv (NYSE VNTV) traded up 3.823% during mid-day trading on Thursday, hitting $69.665. 9,249,350 shares of the stock traded hands. Vantiv has a 52 week low of $52.50 and a 52 week high of $70.15. The firm’s 50-day moving average price is $63.34 and its 200-day moving average price is $63.40. The firm has a market cap of $11.21 billion, a P/E ratio of 56.592 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts forecast that Vantiv will post $3.30 earnings per share for the current fiscal year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the transaction, the insider now directly owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.27% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares in the last quarter. IFP Advisors Inc raised its stake in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Vantiv during the first quarter worth approximately $203,000. Beacon Investment Advisory Services Inc. purchased a new stake in Vantiv during the second quarter worth approximately $204,000. Finally, Great Lakes Advisors LLC raised 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 worth $204,000 after buying an additional 47 shares in the last quarter. 84.49% 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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