Robert W. Baird reissued their buy rating on shares of Vantiv, Inc. (NYSE:VNTV) in a report issued on Monday morning. The brokerage currently has a $82.00 target price on the business services provider’s stock.
Other research analysts also recently issued reports about the company. Stifel Nicolaus raised Vantiv from a hold rating to a buy rating and upped their price target for the company from $63.00 to $85.00 in a report on Thursday, August 10th. Instinet reaffirmed a buy rating and set a $85.00 price target (up from $75.00) on shares of Vantiv in a report on Monday, August 14th. Oppenheimer Holdings, Inc. upped their price target on Vantiv from $70.00 to $77.00 and gave the company an outperform rating in a report on Wednesday, August 16th. William Blair reaffirmed an outperform rating on shares of Vantiv in a report on Monday, July 24th. Finally, BidaskClub raised Vantiv from a hold rating to a buy rating in a report on Wednesday, July 19th. Twelve investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $75.96.
Vantiv (NYSE VNTV) opened at $70.34 on Monday. The stock has a market capitalization of $12,258.19, a price-to-earnings ratio of 23.14, a PEG ratio of 1.53 and a beta of 0.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv has a 1-year low of $54.38 and a 1-year high of $73.14.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. analysts predict that Vantiv will post 3.15 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new stake in shares of Vantiv during the third quarter worth about $383,000. Sterling Capital Management LLC grew its position in shares of Vantiv by 3.1% during the third quarter. Sterling Capital Management LLC now owns 58,295 shares of the business services provider’s stock worth $4,108,000 after purchasing an additional 1,738 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Vantiv by 534.0% during the third quarter. Neuberger Berman Group LLC now owns 53,548 shares of the business services provider’s stock worth $3,774,000 after purchasing an additional 45,102 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Vantiv by 7.6% during the third quarter. California Public Employees Retirement System now owns 337,094 shares of the business services provider’s stock worth $23,755,000 after purchasing an additional 23,694 shares in the last quarter. Finally, Bamco Inc. NY grew its position in shares of Vantiv by 4.3% during the third quarter. Bamco Inc. NY now owns 821,784 shares of the business services provider’s stock worth $57,911,000 after purchasing an additional 33,845 shares in the last quarter. Hedge funds and other institutional investors own 89.15% 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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