Zacks Investment Research downgraded shares of Vantiv, Inc. (NYSE:VNTV) from a hold rating to a sell rating in a research report released on Wednesday, June 28th.
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 company. Jefferies Group LLC set a $69.00 target price on Vantiv and gave the stock a hold rating in a research report on Saturday, March 25th. Wedbush reaffirmed a neutral rating and issued a $65.00 target price (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Stifel Nicolaus reaffirmed a hold rating and issued a $66.00 target price on shares of Vantiv in a research report on Thursday, June 1st. Mizuho initiated coverage on Vantiv in a report on Tuesday, June 27th. They set a neutral rating and a $65.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised Vantiv from a market perform rating to an outperform rating and set a $69.00 price objective for the company in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $67.14.
Shares of Vantiv (NYSE VNTV) opened at 63.53 on Wednesday. Vantiv has a 52 week low of $52.45 and a 52 week high of $66.24. The stock has a market cap of $10.22 billion, a PE ratio of 51.61 and a beta of 0.61. The company’s 50-day moving average is $62.17 and its 200 day moving average is $62.75.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.09 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. Vantiv’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. Analysts forecast that Vantiv will post $3.27 earnings per share for the current fiscal year.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.27% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock worth $110,000 after buying an additional 68 shares during the last quarter. Toronto Dominion Bank increased 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 during the last quarter. IFP Advisors Inc increased 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 during the last quarter. WINTON GROUP Ltd bought a new stake in Vantiv during the first quarter worth $203,000. Finally, Pacer Advisors Inc. increased its stake in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 83.70% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.