Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against Vantiv, Inc. (NYSE: VNTV) (“Vantiv” or the “Company”). If you currently own shares of Vantiv and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/vantiv-class-action-investigation/ or contact Craig ...
Narrow-moat Vantiv’s second-quarter results were overshadowed by well-telegraphed news related to the company's plans to acquire European acquirer Worldpay. The deal for Worldpay is valued at approximately GPB 9.3 billion, or $12.0 billion, in enterprise value, with the transaction expected to close in early 2018. The new company will take the name of acquisition target Worldpay, with Vantiv shareholders expected to own 57% of the new company, and the remaining 43% going to Worldpay. We believ...
Worldpay Group, a United Kingdom-based payment processing company, disclosed on July 5 that it has agreed to key terms of an acquisition offer from narrow-moat-rated Vantiv. The deal consists of GBP 0.55 in cash and 0.0672 shares of Vantiv stock for each Worldpay share, valuing the firm at approximately GBP 7.7 billion, or about $10 billion at current exchange rates. Complicating matters, Worldpay also announced that JPMorgan Chase had approached the firm. No details were given, but JPMorgan sa...
Worldpay Group, a United Kingdom-based payment processing company, disclosed on July 5 that it has agreed to key terms of an acquisition offer from narrow-moat-rated Vantiv. The deal consists of GBP 0.55 in cash and 0.0672 shares of Vantiv stock for each Worldpay share, valuing the firm at approximately GBP 7.7 billion, or about $10 billion at current exchange rates. Complicating matters, Worldpay also announced that JPMorgan Chase had approached the firm. No details were given, but JPMorgan sa...
Narrow-moat Vantiv’s first-quarter results were affected by $38 million in litigation costs and a 14% increase in sales and marketing costs as distribution partners increased their take of the company’s revenue. We expect the company to trade off a portion of processing economics for growth over time and are therefore maintaining our $62 fair value estimate. Also, Vantiv announced the acquisition of Paymetric, an enabler of business-to-business card payments. Terms for the transaction were n...
Narrow-moat Vantiv’s first-quarter results were affected by $38 million in litigation costs and a 14% increase in sales and marketing costs as distribution partners increased their take of the company’s revenue. We expect the company to trade off a portion of processing economics for growth over time and are therefore maintaining our $62 fair value estimate. Also, Vantiv announced the acquisition of Paymetric, an enabler of business-to-business card payments. Terms for the transaction were n...
Ant Financial’s $1.2 billion bid for international remittances firm MoneyGram highlights the competitive threats in payments and other financial services emerging from the Chinese market.  Though we believe the growth prospects and competitive position of firms like Visa and MasterCard remain favorable, we currently forecast that major networks will lose a small amount of international share to such competitors over time. The deal would provide Ant Financial, a financial services affiliate of...
Vantiv's fourth-quarter and full-year 2016 results were in line with our forecasts across the board, and we are maintaining our $62 fair value estimate for the narrow-moat firm. The company's focus on serving fast-growing industries paid off, with revenue in the merchant services division growing 16% during the full year. Transactions grew by 11%. Perhaps more impressively, net revenue per transaction expanded by 5%--an indication of solid pricing power. Unfortunately, sales and marketing expens...
We recently took a closer look at developments in payments and at the retail point of sale, including a visit to the Money 20/20 conference in late October and talks with small merchants. We think economic moats remain the strongest at the center of the payment ecosystem, where Visa and Mastercard maintain massive networks of banks working on their behalf to add consumers and merchants. The role these undervalued companies play in setting standards is becoming more important as payment options p...
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
We are adding coverage of three merchant-facing payment firms across different parts of the value chain. Vantiv is a traditional merchant acquirer, providing access to card networks to merchants of all sizes. Verifone primarily produces hardware that enables merchants to accept electronic payments at the point of sale. Square is a more recent entrant, serving small merchants with hardware and software that allow them to access the digital payment ecosystem. All of these companies are feeling th...
Since its separation from Fifth Third Bank, Vantiv has taken several steps to get ahead of the competition in a fast-changing payment industry. We believe that the most important current trend in payments is the blurring of lines between different phases of commerce and types of payment. Payment processing is increasingly being connected to marketing, loyalty, and financial management applications as the value of transaction data grows. At the same time, companies are looking for omnichannel pay...
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