Vantiv, Inc. (NYSE:VNTV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $78.00 price target on the business services provider’s stock. Royal Bank Of Canada’s target price points to a potential upside of 10.86% from the stock’s current price.
Several other brokerages have also issued reports on VNTV. Bank of America Corporation assumed coverage on Vantiv in a report on Tuesday, September 12th. They set a “neutral” rating on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $77.00 price objective on shares of Vantiv in a report on Thursday, August 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $83.00 price objective on shares of Vantiv in a report on Monday, September 25th. Oppenheimer Holdings, Inc. raised their price objective on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Finally, BidaskClub raised Vantiv from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $75.68.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 217 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,740 shares during the period. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv during the 2nd quarter valued at approximately $204,000. Great Lakes Advisors LLC lifted its position in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares during the period. Finally, Profund Advisors LLC acquired a new stake in shares of Vantiv during the 2nd quarter valued at approximately $204,000. Institutional investors own 80.16% 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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