Vantiv, Inc. (NYSE:VNTV)‘s stock had its “outperform” rating reissued by equities researchers at William Blair in a research report issued on Monday.

Several other research firms have also recently issued reports on VNTV. Atlantic Securities initiated coverage on shares of Vantiv in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Keefe, Bruyette & Woods raised shares of Vantiv from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research report on Thursday, June 22nd. Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $73.00 in a research report on Monday, July 17th. Finally, Cowen and Company reissued an “outperform” rating and issued a $69.00 price objective on shares of Vantiv in a research report on Wednesday, June 28th. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.24.

Vantiv (VNTV) opened at 64.26 on Monday. Vantiv has a 1-year low of $52.45 and a 1-year high of $66.24. The company has a 50-day moving average of $62.42 and a 200-day moving average of $63.17. The company has a market capitalization of $10.34 billion, a P/E ratio of 52.20 and a beta of 0.61.

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

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In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of 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. Nomura Asset Management Co. Ltd. raised its position in shares of Vantiv by 1,901.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock worth $50,668,000 after buying an additional 750,716 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Vantiv by 75.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,452,693 shares of the business services provider’s stock worth $93,147,000 after buying an additional 623,624 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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. Finally, Systematic Financial Management LP raised its position in shares of Vantiv by 231.8% in the first quarter. Systematic Financial Management LP now owns 475,401 shares of the business services provider’s stock worth $30,483,000 after buying an additional 332,137 shares during the last quarter. Institutional investors and hedge funds 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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