Cantor Fitzgerald reiterated their buy rating on shares of Vantiv, Inc. (NYSE:VNTV) in a report issued on Thursday. They currently have a $74.00 price target on the business services provider’s stock.
Several other research analysts have also weighed in on VNTV. Keefe, Bruyette & Woods set a $82.00 price target on Vantiv and gave the company a buy rating in a research report on Sunday, August 13th. BidaskClub lowered Vantiv from a sell rating to a strong sell rating in a research report on Friday, October 20th. Stifel Nicolaus reissued a buy rating and set a $85.00 price target on shares of Vantiv in a research report on Tuesday, October 24th. Piper Jaffray Companies reissued a hold rating and set a $64.00 price target on shares of Vantiv in a research report on Thursday, August 10th. Finally, Robert W. Baird reissued an outperform rating and set a $80.00 price target (up from $72.00) on shares of Vantiv in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. Vantiv currently has a consensus rating of Buy and an average price target of $75.60.
Shares of Vantiv (NYSE:VNTV) opened at 68.01 on Thursday. The stock has a market cap of $10.97 billion, a PE ratio of 57.49 and a beta of 0.61. The firm has a 50-day moving average price of $70.82 and a 200 day moving average price of $66.24. Vantiv has a 12-month low of $54.38 and a 12-month high of $73.14.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. Vantiv had a return on equity of 34.66% and a net margin of 6.07%. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Equities research analysts predict that Vantiv will post $3.35 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Vantiv by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock valued at $843,706,000 after purchasing an additional 492,711 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in Vantiv by 5.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock valued at $279,005,000 after purchasing an additional 235,112 shares during the period. Investec Asset Management LTD boosted its stake in Vantiv by 3.6% during the 2nd quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock valued at $230,893,000 after purchasing an additional 128,308 shares during the period. Artisan Partners Limited Partnership boosted its stake in Vantiv by 2.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,248,249 shares of the business services provider’s stock valued at $205,744,000 after purchasing an additional 69,377 shares during the period. Finally, State Street Corp boosted its stake in Vantiv by 3.3% during the 2nd quarter. State Street Corp now owns 3,025,591 shares of the business services provider’s stock valued at $191,639,000 after purchasing an additional 97,659 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.
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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