Vantiv, Inc. (NYSE:VNTV)‘s stock had its “hold” rating reiterated by stock analysts at Barclays PLC in a report issued on Thursday. They currently have a $71.00 price objective on the business services provider’s stock. Barclays PLC’s price target would suggest a potential upside of 18.47% from the company’s current price.

A number of other analysts have also issued reports on the company. Credit Suisse Group restated a “buy” rating and issued a $69.00 target price on shares of Vantiv in a report on Tuesday, March 28th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a report on Tuesday, May 30th. Atlantic Securities started coverage on Vantiv in a report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 target price for the company. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, April 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $66.00 target price on shares of Vantiv in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $66.68.

Vantiv (VNTV) traded down 1.79% during trading on Thursday, reaching $59.93. The company’s stock had a trading volume of 4,895,066 shares. Vantiv has a 52 week low of $52.45 and a 52 week high of $66.47. The firm has a 50-day moving average price of $62.17 and a 200-day moving average price of $62.75. The firm has a market capitalization of $9.64 billion, a P/E ratio of 48.68 and a beta of 0.61.

Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $470.10 million during the quarter, compared to analyst estimates of $470.09 million. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts anticipate that Vantiv will post $3.27 EPS for the current fiscal year.

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In related news, insider Matt Taylor sold 11,622 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the completion of the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.27% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares during the last quarter. Toronto Dominion Bank raised its stake in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares during the last quarter. IFP Advisors Inc raised its stake in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,060 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Vantiv during the first quarter valued at $203,000. Finally, Pacer Advisors Inc. raised its stake in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock valued at $205,000 after buying an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

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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