Vantiv, Inc. (NYSE:VNTV) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, July 13th, Marketbeat Ratings reports. The brokerage currently has a $70.00 price objective on the business services provider’s stock. KeyCorp’s price objective points to a potential downside of 0.04% from the company’s previous close.
Several other brokerages have also recently commented on VNTV. Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, April 25th. Credit Suisse Group restated a “buy” rating and set a $69.00 price objective on shares of Vantiv in a research note on Tuesday, March 28th. Jefferies Group LLC set a $69.00 price objective on shares of Vantiv and gave the stock a “hold” rating in a research note on Saturday, March 25th. BidaskClub upgraded shares of Vantiv from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Atlantic Securities began coverage on shares of Vantiv in a research note on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.87.
Vantiv (VNTV) traded up 1.05% during trading on Thursday, reaching $70.03. 5,467,033 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $63.61 and a 200-day moving average price of $63.45. The firm has a market cap of $11.29 billion, a PE ratio of 59.20 and a beta of 0.61. Vantiv has a 12 month low of $52.50 and a 12 month high of $70.15.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 34.40%. The firm had revenue of $530 million for the quarter, compared to analysts’ expectations of $525.12 million. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts forecast that Vantiv will post $3.33 earnings per share for the current fiscal year.
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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $63.14, for a total transaction of $733,813.08. Following the transaction, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.27% of the company’s stock.
Hedge funds have recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of Vantiv during the first quarter worth $230,000. NN Investment Partners Holdings N.V. increased its stake in shares of Vantiv by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock worth $4,219,000 after buying an additional 599 shares during the period. Bank of Montreal Can increased its stake in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares during the period. Security Asset Management increased its stake in shares of Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock worth $1,429,000 after buying an additional 121 shares during the period. Finally, Origin Asset Management LLP purchased a new stake in shares of Vantiv during the first quarter worth $8,374,000. 84.49% of the stock is owned by institutional investors.
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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