Vantiv Inc (VNTV) is Downgraded by Barclays to Equal Weight, Price Target at $60

Vantiv Inc (VNTV) was Downgraded by Barclays to ” Equal Weight” and the brokerage firm has set the Price Target at $60. Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Vantiv Inc. Vantiv Inc was Downgraded by CLSA to ” Outperform” on Jul 29, 2016.

On the company’s financial health, Vantiv Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $480.50 million for the quarter, compared to analysts expectations of $465.61 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Vantiv Inc closed down -0.15 points or -0.26% at $58.59 with 24,74,030 shares getting traded on Thursday. Post opening the session at $58.95, the shares hit an intraday low of $57.47 and an intraday high of $59.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 19, 2016, Matt Taylor (Grp Pres, IntPmt&Emrging Chnls) sold 162,576 shares at $59.05 per share price. According to the SEC, on Jun 6, 2016, Nelson F Greene (Chf Legal & Corp Svcs Officer) sold 5,434 shares at $53.94 per share price. On Apr 12, 2016, Christopher A Thompson (SVP, Controller and CAO) sold 4,000 shares at $54.71 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Vantiv Inc

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