Traders Buy Vantiv (VNTV) on Weakness

Traders purchased shares of Vantiv Inc (NYSE:VNTV) on weakness during trading on Wednesday. $73.59 million flowed into the stock on the tick-up and $49.81 million flowed out of the stock on the tick-down, for a money net flow of $23.78 million into the stock. Of all stocks tracked, Vantiv had the 27th highest net in-flow for the day. Vantiv traded down ($0.51) for the day and closed at $73.94

Several analysts have weighed in on VNTV shares. Royal Bank of Canada reissued a “buy” rating and issued a $78.00 target price on shares of Vantiv in a report on Friday, October 13th. Cantor Fitzgerald reissued a “buy” rating and issued a $74.00 target price on shares of Vantiv in a report on Thursday, October 26th. KeyCorp reissued a “buy” rating and issued a $80.00 target price on shares of Vantiv in a report on Friday, September 1st. BidaskClub downgraded Vantiv from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Bank of America initiated coverage on Vantiv in a research report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.52.

The company has a market cap of $13,143.43, a PE ratio of 50.92, a price-to-earnings-growth ratio of 1.64 and a beta of 0.58. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.

Vantiv (NYSE:VNTV) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts expect that Vantiv Inc will post 3.16 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in VNTV. Toronto Dominion Bank grew its stake in shares of Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after buying an additional 217 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Vantiv in the third quarter valued at about $155,000. Highbridge Capital Management LLC grew its stake in shares of Vantiv by 2,754.0% in the third quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock valued at $201,000 after buying an additional 2,754 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Vantiv in the third quarter valued at about $204,000.

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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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