Vantiv, Inc. (VNTV) Lifted to Buy at Zacks Investment Research

Vantiv, Inc. (NYSE:VNTV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $78.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.72% from the stock’s current price.

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. “

A number of other research firms also recently commented on VNTV. Instinet reiterated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Vantiv in a research report on Monday. Nomura boosted their target price on Vantiv from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods set a $82.00 target price on Vantiv and gave the stock a “buy” rating in a research report on Sunday. Citigroup Inc. boosted their target price on Vantiv from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $80.00 target price (up from $72.00) on shares of Vantiv in a research report on Thursday, August 10th. Eight investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Vantiv has a consensus rating of “Buy” and an average target price of $71.83.

Shares of Vantiv (NYSE:VNTV) traded up 1.73% on Tuesday, reaching $71.67. The company’s stock had a trading volume of 1,723,691 shares. The stock has a market capitalization of $11.56 billion, a P/E ratio of 60.58 and a beta of 0.61. The company has a 50 day moving average of $64.07 and a 200 day moving average of $63.57. Vantiv has a 1-year low of $52.50 and a 1-year high of $71.69.

Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping 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 firm had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. Vantiv’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Vantiv will post $3.33 earnings per share 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 dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the sale, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Gulf International Bank UK Ltd raised its stake in Vantiv by 4.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,005 shares of the business services provider’s stock worth $3,206,000 after buying an additional 2,000 shares during the period. National Pension Service raised its stake in Vantiv by 51,676.2% in the first quarter. National Pension Service now owns 167,237 shares of the business services provider’s stock worth $10,743,000 after buying an additional 166,914 shares during the period. Bank of Montreal Can raised its stake in Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares during the period. Capstone Asset Management Co. raised its stake in Vantiv by 15.4% in the first quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after buying an additional 600 shares during the period. Finally, Parametrica Management Ltd bought a new stake in Vantiv during the first quarter worth about $242,000. Institutional investors and hedge funds own 82.85% 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.

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