Stock analysts at Stephens assumed coverage on shares of Vantiv (NYSE:VNTV) in a report released on Thursday. The brokerage set an “overweight” rating on the business services provider’s stock.
Several other equities research analysts have also issued reports on the stock. Mizuho reissued a “hold” rating and issued a $80.00 price objective on shares of Vantiv in a research report on Thursday, January 4th. SunTrust Banks increased their price objective on shares of Vantiv from $69.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada raised shares of Vantiv from an “outperform” rating to a “top pick” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 price objective on shares of Vantiv in a research report on Friday, December 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $93.00 price objective on shares of Vantiv in a research report on Friday, December 15th. Eight research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.69.
Shares of Vantiv (NYSE:VNTV) traded down $0.05 during mid-day trading on Thursday, reaching $75.66. 4,960,700 shares of the company traded hands, compared to its average volume of 3,060,000. Vantiv has a 1 year low of $59.10 and a 1 year high of $78.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. The firm has a market capitalization of $13,450.00, a price-to-earnings ratio of 52.54, a price-to-earnings-growth ratio of 1.53 and a beta of 0.58.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $551.77 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. sell-side analysts anticipate that Vantiv will post 3.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VNTV. Pacer Advisors Inc. boosted its stake in Vantiv by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,457 shares of the business services provider’s stock valued at $219,000 after acquiring an additional 261 shares during the last quarter. CIBC World Markets Inc. bought a new position in Vantiv during the 2nd quarter valued at $285,000. Franklin Resources Inc. boosted its stake in Vantiv by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,230,314 shares of the business services provider’s stock valued at $77,928,000 after acquiring an additional 24,300 shares during the last quarter. Seven Eight Capital LP boosted its stake in Vantiv by 2,537.5% during the 2nd quarter. Seven Eight Capital LP now owns 21,100 shares of the business services provider’s stock valued at $1,336,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Vantiv by 10.1% during the 2nd quarter. Teachers Advisors LLC now owns 454,027 shares of the business services provider’s stock valued at $28,758,000 after acquiring an additional 41,532 shares during the last quarter.
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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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