Other analysts have also issued research reports about the company. Stifel Nicolaus upgraded Vantiv from a hold rating to a buy rating and upped their target price for the stock from $63.00 to $85.00 in a report on Thursday. Zacks Investment Research lowered Vantiv from a buy rating to a hold rating in a report on Saturday, May 27th. BidaskClub upgraded Vantiv from a hold rating to a buy rating in a report on Wednesday, July 19th. William Blair reiterated an outperform rating on shares of Vantiv in a report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $73.00 target price on shares of Vantiv in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $69.87.
Shares of Vantiv (NYSE:VNTV) opened at 70.03 on Thursday. The stock’s 50 day moving average price is $63.84 and its 200-day moving average price is $63.50. The stock has a market capitalization of $11.29 billion, a P/E ratio of 59.20 and a beta of 0.61. Vantiv has a 1-year low of $52.50 and a 1-year high of $70.15.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. Equities research analysts anticipate that Vantiv will post $3.33 EPS for the current fiscal year.
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In related news, insider Matt Taylor sold 11,622 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was 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 of the company’s stock, valued at $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.27% of the company’s stock.
Several large investors have recently modified their holdings of VNTV. Toronto Dominion Bank increased its stake in shares of 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 increased its stake in shares of 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 acquired a new stake in shares of Vantiv during the first quarter worth $203,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv during the second quarter worth $204,000. Finally, Great Lakes Advisors LLC increased its stake in shares of 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 hedge funds and other 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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