Vantiv, Inc. (NYSE:VNTV) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other research analysts have also weighed in on the company. Robert W. Baird restated a “buy” rating and issued a $82.00 target price on shares of Vantiv in a report on Monday. Nomura decreased their price target on Vantiv from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $74.00 price target on shares of Vantiv in a research report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price target on shares of Vantiv in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised Vantiv from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Twelve investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $75.60.
Vantiv (VNTV) opened at $69.82 on Wednesday. Vantiv has a fifty-two week low of $54.38 and a fifty-two week high of $73.14. 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 $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 posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same quarter last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. sell-side analysts forecast that Vantiv will post 3.15 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Vantiv by 3.8% in the second quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock worth $843,706,000 after buying an additional 492,711 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Vantiv by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock worth $697,053,000 after buying an additional 1,988,656 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Vantiv by 5.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after buying an additional 235,112 shares during the period. Investec Asset Management LTD increased its holdings in shares of Vantiv by 3.6% in the second quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock worth $230,893,000 after buying an additional 128,308 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Vantiv by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 3,248,249 shares of the business services provider’s stock worth $205,744,000 after buying an additional 69,377 shares during the period. 89.15% of the stock is owned by hedge funds and other institutional investors.
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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