Vantiv, Inc. (NYSE:VNTV) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Thursday, July 13th, MarketBeat.com reports. The brokerage presently has a $70.00 target price on the business services provider’s stock. KeyCorp’s price target suggests a potential upside of 7.59% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, May 30th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Credit Suisse Group restated a “buy” rating and issued a $69.00 target price on shares of Vantiv in a research note on Tuesday, March 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research report on Thursday, June 1st. Finally, Jefferies Group LLC set a $69.00 price objective on Vantiv and gave the company a “hold” rating in a research report on Saturday, March 25th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and an average price target of $67.79.
Shares of Vantiv (NYSE:VNTV) opened at 65.06 on Thursday. The company has a market cap of $10.47 billion, a P/E ratio of 52.85 and a beta of 0.61. Vantiv has a 12-month low of $52.50 and a 12-month high of $66.24. The stock’s 50 day moving average price is $62.81 and its 200 day moving average price is $63.31.
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In related news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction dated 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 $4,057,944.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.27% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position 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 worth $110,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc boosted its position in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares in the last quarter. Pacer Advisors Inc. boosted its position in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after buying an additional 47 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.
Vantiv Company Profile
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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