Vantiv Inc Gets a Buy Rating from RBC Capital

By Austin Angelo

In a report released today, Daniel Perlin from RBC Capital reiterated a Buy rating on Vantiv Inc (NYSE: VNTV), with a price target of $73. The company’s shares opened today at $62.01.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 16.2% and a 87.2% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Vantiv Inc has an analyst consensus of Strong Buy, with a price target consensus of $71.38.

Based on Vantiv Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $928 million and quarterly net profit of $28.89 million. In comparison, last year the company earned revenue of $819 million and had a net profit of $39.74 million.

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Vantiv, Inc. is a payment processor company. The company offers a suite of payment processing services that enables its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point of sale, ecommerce and mobile devices. It operates through two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to large national merchants, regional and small-to-mid sized businesses through both direct and indirect distribution channels. Its services include all aspects of card processing including authorization and settlement, customer service, chargeback and retrieval processing and interchange management. The Financial Institution Services segment provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving and network gateway and switching services that utilize the company’s proprietary Jeanie debit payment network to a set of financial institutions, including regional banks, community banks, credit unions and regional personal identification number networks. Vantiv was founded in 1971 and is headquartered in Cincinnati, OH.