Vantiv, Inc. (NYSE:VNTV) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
VNTV has been the subject of several other reports. Wedbush reiterated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research report on Thursday, June 1st. KeyCorp downgraded Vantiv to a “hold” rating in a research report on Monday, June 12th. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, William Blair reissued an “outperform” rating on shares of Vantiv in a report on Monday, July 24th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Vantiv has an average rating of “Buy” and an average target price of $69.87.
Shares of Vantiv (NYSE:VNTV) traded up 1.05% during mid-day trading on Thursday, hitting $70.03. The company had a trading volume of 5,467,033 shares. Vantiv has a 52-week low of $52.50 and a 52-week high of $70.15. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 59.20 and a beta of 0.61. The stock’s 50-day moving average is $63.84 and its 200-day moving average is $63.50.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. Equities analysts forecast that Vantiv will post $3.33 earnings per share for the current year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the business’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 sale, 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 document filed with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock valued at $676,710,000 after buying an additional 10,257,026 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Vantiv during the second quarter valued at about $51,274,000. Bessemer Group Inc. increased its stake in shares of Vantiv by 51.8% in the second quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock valued at $147,891,000 after buying an additional 797,144 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Vantiv by 1,901.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock valued at $50,668,000 after buying an additional 750,716 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in shares of Vantiv by 75.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,452,693 shares of the business services provider’s stock valued at $93,147,000 after buying an additional 623,624 shares during the period. 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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