Vantiv, Inc. (VNTV) Hits New 12-Month High After Analyst Upgrade

Shares of Vantiv, Inc. (NYSE:VNTV) reached a new 52-week high during mid-day trading on Tuesday after Oppenheimer Holdings raised their price target on the stock from $70.00 to $77.00. Oppenheimer Holdings currently has an outperform rating on the stock. Vantiv traded as high as $71.60 and last traded at $71.61, with a volume of 1,549,483 shares. The stock had previously closed at $70.45.

Several other research firms have also recently weighed in on VNTV. Instinet reissued a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Vantiv in a research report on Monday. Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Tuesday. Citigroup Inc. boosted their price objective on Vantiv from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods set a $82.00 price objective on Vantiv and gave the stock a “buy” rating in a research report on Sunday. Finally, Nomura boosted their price objective on Vantiv from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Vantiv has a consensus rating of “Buy” and a consensus target price of $72.04.

In other news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction that occurred on 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 directly owns 64,269 shares in the company, valued at approximately $4,057,944.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.27% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in Vantiv by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 109,940 shares of the business services provider’s stock worth $6,964,000 after buying an additional 746 shares during the period. Colony Group LLC raised its stake in Vantiv by 0.6% in the second quarter. Colony Group LLC now owns 41,164 shares of the business services provider’s stock worth $2,607,000 after buying an additional 239 shares during the period. Koch Industries Inc. acquired a new stake in Vantiv during the second quarter worth approximately $637,000. Crosslink Capital Inc. raised its stake in Vantiv by 104.7% in the second quarter. Crosslink Capital Inc. now owns 303,860 shares of the business services provider’s stock worth $19,246,000 after buying an additional 155,400 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Vantiv by 8.5% in the second quarter. Sterling Capital Management LLC now owns 56,557 shares of the business services provider’s stock worth $3,582,000 after buying an additional 4,450 shares during the period. Institutional investors and hedge funds own 82.85% of the company’s stock.

The company has a 50 day moving average price of $64.62 and a 200-day moving average price of $63.69. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 61.09 and a beta of 0.61.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating 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 business had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period in the previous year, the business earned $0.70 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Vantiv, Inc. will post $3.35 earnings per share for the current year.

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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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