KeyCorp reissued their buy rating on shares of Vantiv, Inc. (NYSE:VNTV) in a report released on Friday morning. They currently have a $80.00 target price on the business services provider’s stock.

A number of other equities research analysts have also weighed in on VNTV. Wedbush reaffirmed a neutral rating and set a $65.00 target price (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Stifel Nicolaus reaffirmed a hold rating and set a $66.00 target price on shares of Vantiv in a research report on Thursday, June 1st. Deutsche Bank AG reaffirmed a buy rating and set a $72.00 target price (up from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Piper Jaffray Companies reaffirmed a hold rating and set a $77.00 target price on shares of Vantiv in a research report on Thursday, August 24th. Finally, Zacks Investment Research lowered Vantiv from a buy rating to a hold rating in a research report on Thursday, June 22nd. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $74.50.

Shares of Vantiv (NYSE:VNTV) traded up 0.17% on Friday, reaching $70.81. 1,281,947 shares of the company were exchanged. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 59.86 and a beta of 0.59. The company’s 50-day moving average price is $67.63 and its 200 day moving average price is $64.41. Vantiv has a 12 month low of $52.50 and a 12 month high of $72.68.

Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same quarter in the previous year, the business earned $0.70 EPS. Vantiv’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Vantiv will post $3.35 EPS for the current year.

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In other news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of VNTV. Toronto Dominion Bank increased its position in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares in the last quarter. IFP Advisors Inc increased its position in shares of Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after buying an additional 1,740 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after buying an additional 47 shares in the last quarter. Institutional investors own 80.51% of the company’s stock.

Vantiv Company Profile

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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