Vantiv (NYSE:VNTV) : The most positive equity analysts on Vantiv (NYSE:VNTV) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $52 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $58.82 with an expected fluctuation of $3.54 from the mean.
Shares of Vantiv, Inc. rose by 6.21% in the last five trading days and 5.42% for the last 4 weeks. Vantiv, Inc. is up 4.91% in the last 3-month period. Year-to-Date the stock performance stands at 19.36%. Also, William Blair initiates coverage on Vantiv (NYSE:VNTV). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on April 19, 2016.
Vantiv (NYSE:VNTV) : 22 analysts are covering Vantiv (NYSE:VNTV) and their average rating on the stock is 1.75, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Vantiv (NYSE:VNTV) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Vantiv (NYSE:VNTV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.09 and $55.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.60, notching a gain of 2.82% for the day. The total traded volume was 2,784,421 . The stock had closed at $55.05 on the previous day.
In an insider trading activity, The officer (Chf Legal & Corp Svcs Officer), of Vantiv, Inc., Greene Nelson F had unloaded 5,434 shares at $53.94 per share in a transaction on June 2, 2016. The total value of transaction was $293,110. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Vantiv, Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants, regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing, including authorization and settlement, customer service, chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts, such as business cards, home equity lines of credit and health savings accounts.