Vantiv, Inc. (NYSE:VNTV)‘s stock had its “hold” rating restated by investment analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $71.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 0.25% from the stock’s previous close.
VNTV has been the topic of a number of other reports. KeyCorp cut Vantiv to a “hold” rating in a report on Monday, June 12th. BidaskClub cut Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Finally, Stifel Nicolaus reduced their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.40.
Vantiv (VNTV) opened at 70.82 on Friday. The firm has a 50-day moving average price of $71.48 and a 200-day moving average price of $65.55. Vantiv has a 52-week low of $54.38 and a 52-week high of $73.14. The company has a market cap of $11.42 billion, a PE ratio of 59.86 and a beta of 0.61.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The company had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. On average, analysts forecast that Vantiv will post $3.35 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of Vantiv during the first quarter valued at approximately $230,000. GAM Holding AG boosted its position in shares of Vantiv by 41.6% during the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 6,045 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Vantiv by 0.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after purchasing an additional 599 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Vantiv by 1.8% during the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after purchasing an additional 7,224 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Vantiv by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock valued at $12,637,000 after purchasing an additional 1,178 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.
Vantiv Company Profile
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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