Vantiv, Inc. (NYSE:VNTV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “

VNTV has been the topic of a number of other research reports. Nomura upped their price target on shares of Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $82.00 price target on shares of Vantiv and gave the company a “buy” rating in a research note on Sunday, August 13th. Stifel Nicolaus decreased their price target on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. BidaskClub downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and upped their price target for the company from $66.00 to $73.00 in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $75.68.

Shares of Vantiv (NYSE:VNTV) opened at 69.86 on Tuesday. The stock’s 50 day moving average is $70.97 and its 200 day moving average is $66.09. Vantiv has a 52-week low of $54.38 and a 52-week high of $73.14. The stock has a market cap of $11.27 billion, a PE ratio of 59.05 and a beta of 0.61.

Vantiv (NYSE:VNTV) last released its 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 33.54%. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Vantiv will post $3.35 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Vantiv by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock valued at $843,706,000 after purchasing an additional 492,711 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Vantiv by 5.6% during the 2nd 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. Investec Asset Management LTD raised its position in Vantiv by 3.6% during the 2nd quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock worth $230,893,000 after buying an additional 128,308 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Vantiv by 2.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,248,249 shares of the business services provider’s stock worth $205,744,000 after buying an additional 69,377 shares during the last quarter. Finally, State Street Corp raised its position in Vantiv by 3.3% during the 2nd quarter. State Street Corp now owns 3,025,591 shares of the business services provider’s stock worth $191,639,000 after buying an additional 97,659 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for Vantiv (NYSE:VNTV)

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