Royal Bank Of Canada reissued their buy rating on shares of Vantiv, Inc. (NYSE:VNTV) in a research note issued to investors on Wednesday, August 9th. The brokerage currently has a $73.00 price target on the business services provider’s stock.
Several other research firms have also commented on VNTV. BidaskClub lowered Vantiv from a buy rating to a hold rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods upgraded Vantiv from a market perform rating to an outperform rating and set a $69.00 price objective on the stock in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Vantiv from a sell rating to a buy rating and set a $72.00 price objective on the stock in a research report on Saturday, July 22nd. Wedbush reiterated a neutral rating and set a $65.00 target price (up previously from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus reiterated a hold rating and set a $66.00 target price on shares of Vantiv in a research report on Thursday, June 1st. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vantiv has an average rating of Buy and a consensus target price of $72.04.
Vantiv (NYSE:VNTV) traded up 0.79% during mid-day trading on Wednesday, hitting $72.28. 3,014,461 shares of the company traded hands. Vantiv has a one year low of $52.50 and a one year high of $72.59. The firm has a market capitalization of $11.66 billion, a P/E ratio of 61.10 and a beta of 0.61. The firm has a 50 day moving average of $65.12 and a 200 day moving average of $63.82.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company had revenue of $530 million for the quarter, compared to the consensus estimate of $525.12 million. During the same quarter in the prior year, the company earned $0.70 EPS. Vantiv’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Vantiv will post $3.35 earnings per share for the current fiscal year.
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In other news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the transaction, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company’s stock.
Several institutional investors have recently made changes to their positions in VNTV. HighTower Advisors LLC bought a new position in shares of Vantiv during the first quarter valued at about $230,000. NN Investment Partners Holdings N.V. boosted its position in shares of Vantiv by 0.9% in 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 buying an additional 599 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock valued at $4,105,000 after buying an additional 43,185 shares during the last quarter. Origin Asset Management LLP bought a new position in shares of Vantiv during the first quarter valued at about $8,374,000. Finally, Teachers Advisors LLC boosted its position in shares of Vantiv by 1.8% in the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the last quarter. Institutional investors and hedge funds own 82.85% 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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