Vantiv, Inc. (NYSE:VNTV) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $85.00 price objective on the business services provider’s stock, up from their prior price objective of $63.00. Stifel Nicolaus’ price target would suggest a potential upside of 26.68% from the company’s current price.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Guggenheim upgraded shares of Vantiv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $73.00 in a research report on Monday, July 17th. BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, KeyCorp lowered shares of Vantiv to a “hold” rating in a research report on Monday, June 12th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and an average target price of $68.89.

Vantiv (VNTV) opened at 67.10 on Thursday. The company has a market capitalization of $10.79 billion, a P/E ratio of 54.51 and a beta of 0.61. Vantiv has a one year low of $52.50 and a one year high of $68.07. The firm has a 50-day moving average of $63.34 and a 200 day moving average of $63.40.

Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The business had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Vantiv will post $3.30 EPS for the current fiscal year.

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In related news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction 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 sale, the insider now owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Vantiv by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock worth $822,504,000 after buying an additional 570,194 shares during the last quarter. BlackRock Inc. increased its stake in Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after buying an additional 10,257,026 shares during the last quarter. William Blair Investment Management LLC increased its stake in Vantiv by 3.1% in the first quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock worth $369,959,000 after buying an additional 171,224 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Vantiv by 5.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after buying an additional 235,112 shares during the last quarter. Finally, State Street Corp increased its stake in Vantiv by 0.8% in the first quarter. State Street Corp now owns 2,927,932 shares of the business services provider’s stock worth $187,736,000 after buying an additional 24,429 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors.

About Vantiv

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.

Analyst Recommendations for Vantiv (NYSE:VNTV)

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