Vantiv, Inc. (VNTV) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Vantiv, Inc. (NYSE:VNTV) from a sell rating to a hold rating in a report released on Wednesday.

A number of other brokerages have also commented on VNTV. Zacks Investment Research upgraded Vantiv from a sell rating to a buy rating and set a $72.00 price target on the stock in a report on Saturday, July 22nd. William Blair restated an outperform rating on shares of Vantiv in a report on Monday, July 24th. Royal Bank Of Canada restated a buy rating and issued a $73.00 price target on shares of Vantiv in a report on Wednesday, August 9th. Stifel Nicolaus upgraded Vantiv from a hold rating to a buy rating and boosted their price target for the company from $63.00 to $85.00 in a report on Thursday, August 10th. Finally, Piper Jaffray Companies restated a hold rating and issued a $64.00 price target on shares of Vantiv in a report on Thursday, August 10th. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $75.96.

Shares of Vantiv (VNTV) traded down $0.85 during trading on Wednesday, hitting $68.97. The company had a trading volume of 1,686,100 shares, compared to its average volume of 1,910,664. 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 twelve month low of $54.38 and a twelve month high of $73.14. The firm has a market capitalization of $12,510.00, a PE ratio of 23.43, a PEG ratio of 1.55 and a beta of 0.56.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. research analysts predict that Vantiv will post 3.15 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. IFM Investors Pty Ltd bought a new position in Vantiv during the 3rd quarter worth $383,000. Sterling Capital Management LLC grew its holdings in Vantiv by 3.1% during the 3rd quarter. Sterling Capital Management LLC now owns 58,295 shares of the business services provider’s stock worth $4,108,000 after acquiring an additional 1,738 shares during the period. Neuberger Berman Group LLC grew its holdings in Vantiv by 534.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 53,548 shares of the business services provider’s stock worth $3,774,000 after acquiring an additional 45,102 shares during the period. California Public Employees Retirement System grew its holdings in Vantiv by 7.6% during the 3rd quarter. California Public Employees Retirement System now owns 337,094 shares of the business services provider’s stock worth $23,755,000 after acquiring an additional 23,694 shares during the period. Finally, Bamco Inc. NY grew its holdings in Vantiv by 4.3% during the 3rd quarter. Bamco Inc. NY now owns 821,784 shares of the business services provider’s stock worth $57,911,000 after acquiring an additional 33,845 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

About Vantiv

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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