Vantiv Inc (NYSE:VNTV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, July 25th.
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. “
Several other research analysts have also recently commented on VNTV. Credit Suisse Group reaffirmed a “buy” rating and set a $69.00 target price on shares of Vantiv in a report on Tuesday, March 28th. Atlantic Securities assumed coverage on shares of Vantiv in a research report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 price target on shares of Vantiv in a research report on Thursday, June 1st. Finally, Wedbush reiterated a “neutral” rating and set a $65.00 price target (up previously from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Vantiv presently has a consensus rating of “Buy” and an average target price of $67.79.
Shares of Vantiv (NYSE VNTV) remained flat at $64.04 on Tuesday. The company had a trading volume of 2,341,330 shares. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 51.65 and a beta of 0.61. Vantiv has a 12-month low of $52.50 and a 12-month high of $66.24. The company’s 50-day moving average price is $62.81 and its 200 day moving average price is $63.31.
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In other news, insider Matt Taylor sold 11,622 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased 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 valued at $110,000 after buying an additional 68 shares during the last quarter. Shaker Investments LLC OH increased its position in Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares during the last quarter. Shepherd Financial Partners LLC increased its position in Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares during the last quarter. Telemus Capital LLC increased its position in Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares during the last quarter. 83.89% of the stock is 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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