Zacks Investment Research cut shares of Vantiv, Inc. (NYSE:VNTV) from a buy rating to a hold rating in a report issued on Saturday, June 10th.
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. “
A number of other research firms have also recently weighed in on VNTV. Atlantic Securities assumed coverage on shares of Vantiv in a research report on Wednesday, April 12th. They issued an overweight rating and a $74.00 price objective for the company. Jefferies Group LLC set a $69.00 target price on shares of Vantiv and gave the company a hold rating in a research note on Saturday, March 25th. Credit Suisse Group restated a buy rating and issued a $69.00 target price on shares of Vantiv in a research note on Tuesday, March 28th. Royal Bank Of Canada restated a buy rating and issued a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Finally, Wedbush restated a neutral rating and issued a $65.00 target price (up previously from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Vantiv has a consensus rating of Hold and a consensus target price of $65.88.
Vantiv (NYSE VNTV) traded down 3.78% on Friday, hitting $60.60. The stock had a trading volume of 3,558,497 shares. Vantiv has a one year low of $50.98 and a one year high of $66.47. The company’s 50-day moving average price is $62.50 and its 200 day moving average price is $62.42. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 49.23 and a beta of 0.62.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $470.09 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. Analysts expect that Vantiv will post $3.27 earnings per share for the current year.
In other news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark L. Heimbouch sold 15,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $63.68, for a total transaction of $955,200.00. Following the completion of the transaction, the chief operating officer now owns 151,273 shares in the company, valued at $9,633,064.64. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its stake in Vantiv by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 198,333 shares of the business services provider’s stock valued at $11,825,000 after buying an additional 4,636 shares in the last quarter. Comerica Bank bought a new stake in Vantiv during the fourth quarter valued at about $476,000. Cipher Capital LP bought a new stake in Vantiv during the fourth quarter valued at about $410,000. State Street Corp raised its stake in shares of Vantiv by 2.0% in the fourth quarter. State Street Corp now owns 2,903,503 shares of the business services provider’s stock valued at $173,115,000 after buying an additional 55,576 shares during the period. Finally, Oxford Asset Management acquired a new stake in shares of Vantiv during the fourth quarter valued at $549,000. Institutional investors and hedge funds own 83.74% of the company’s stock.
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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