Vantiv, Inc. (VNTV) Now Covered by Analysts at Bank of America Corporation

Investment analysts at Bank of America Corporation assumed coverage on shares of Vantiv, Inc. (NYSE:VNTV) in a report released on Tuesday. The brokerage set a “neutral” rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Guggenheim upgraded shares of Vantiv from a “neutral” rating to a “buy” rating and upped their target price for the stock from $66.00 to $73.00 in a research note on Monday, July 17th. BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and upped their target price for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $74.54.

Shares of Vantiv (NYSE:VNTV) opened at 72.47 on Tuesday. The company has a 50 day moving average of $68.71 and a 200 day moving average of $64.58. Vantiv has a 52 week low of $52.85 and a 52 week high of $72.82. The company has a market cap of $11.69 billion, a PE ratio of 61.26 and a beta of 0.59.

Vantiv (NYSE:VNTV) last posted 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. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The business had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Vantiv’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts expect that Vantiv will post $3.35 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in VNTV. BlackRock Inc. increased its holdings in Vantiv by 3,456.0% during 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 during the last quarter. Voya Investment Management LLC increased its holdings in Vantiv by 86.1% during 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in Vantiv during the second quarter valued at approximately $51,274,000. Bessemer Group Inc. increased its holdings in Vantiv by 51.8% during 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 during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Vantiv by 1,901.0% during 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 during the last quarter. 80.47% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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