Vantiv, Inc. (NYSE:VNTV) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, October 26th.
VNTV has been the topic of a number of other reports. Deutsche Bank AG reiterated a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $77.00 price objective on shares of Vantiv in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of Vantiv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and increased their price objective for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 target price on shares of Vantiv in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.60.
Vantiv (VNTV) traded up $0.54 during mid-day trading on Thursday, hitting $69.31. 1,696,900 shares of the company traded hands, compared to its average volume of 2,832,389. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. Vantiv has a fifty-two week low of $54.38 and a fifty-two week high of $73.14. The firm has a market capitalization of $12,320.41, a P/E ratio of 23.26, a PEG ratio of 1.54 and a beta of 0.56.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. During the same period in the prior year, the company posted $0.71 earnings per share. Vantiv’s revenue was up 13.1% compared to the same quarter last year. equities research analysts anticipate that Vantiv will post 3.15 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its position in Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares during the period. Tower Research Capital LLC TRC grew its position in Vantiv by 404.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares during the period. Beacon Investment Advisory Services Inc. acquired a new stake in Vantiv in the 2nd quarter valued at $204,000. Great Lakes Advisors LLC grew its position in Vantiv by 1.5% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares during the period. Finally, Profund Advisors LLC acquired a new stake in Vantiv in the 2nd quarter valued at $204,000. 79.28% of the stock is owned by institutional investors and hedge funds.
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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