Instinet reiterated their buy rating on shares of Vantiv, Inc. (NYSE:VNTV) in a research note released on Monday morning. Instinet currently has a $85.00 target price on the business services provider’s stock, up from their prior target price of $75.00.
Several other brokerages also recently commented on VNTV. Nomura increased their price objective on Vantiv from $75.00 to $85.00 and gave the stock a buy rating in a research note on Monday. Keefe, Bruyette & Woods set a $82.00 price objective on Vantiv and gave the stock a buy rating in a research note on Sunday, August 13th. Stifel Nicolaus reduced their target price on Vantiv from $66.00 to $64.00 and set a hold rating for the company in a report on Thursday, July 6th. BidaskClub lowered Vantiv from a buy rating to a hold rating in a report on Tuesday, August 1st. Finally, Guggenheim raised Vantiv from a neutral rating to a buy rating and upped their target price for the company from $66.00 to $73.00 in a report on Monday, July 17th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $72.04.
Vantiv (NYSE:VNTV) opened at 71.71 on Monday. Vantiv has a 1-year low of $52.50 and a 1-year high of $72.59. The firm has a 50-day moving average price of $64.86 and a 200-day moving average price of $63.75. The company has a market capitalization of $11.56 billion, a P/E ratio of 60.62 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. On average, analysts forecast that Vantiv will post $3.35 EPS for the current fiscal year.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.27% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock valued at $676,710,000 after buying an additional 10,257,026 shares in the last quarter. Voya Investment Management LLC increased its stake in Vantiv by 86.1% in the second quarter. Voya Investment Management LLC now owns 2,385,622 shares of the business services provider’s stock valued at $151,105,000 after buying an additional 1,103,406 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Vantiv during the second quarter valued at about $51,274,000. Bessemer Group Inc. increased its stake in Vantiv by 51.8% in the second quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock valued at $147,891,000 after buying an additional 797,144 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Vantiv by 1,901.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock valued at $50,668,000 after buying an additional 750,716 shares in the last quarter. Hedge funds and other institutional investors 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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