Vantiv, Inc. (VNTV) Holdings Lifted by Tredje AP fonden
Tredje AP fonden grew its position in Vantiv, Inc. (NYSE:VNTV) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,110 shares of the business services provider’s stock after purchasing an additional 3,530 shares during the period. Tredje AP fonden’s holdings in Vantiv were worth $2,287,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 408 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,060 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Vantiv in the first quarter valued at approximately $203,000. Beacon Investment Advisory Services Inc. bought a new position in shares of Vantiv in the second quarter valued at approximately $204,000. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 80.47% of the company’s stock.
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Shares of Vantiv, Inc. (NYSE VNTV) opened at 72.27 on Monday. Vantiv, Inc. has a one year low of $52.50 and a one year high of $72.68. The company has a market capitalization of $11.65 billion, a PE ratio of 61.09 and a beta of 0.59. The company’s 50-day moving average is $68.58 and its 200-day moving average is $64.60.
Vantiv (NYSE:VNTV) last issued its quarterly 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 company had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same quarter in the previous year, the company earned $0.70 EPS. Vantiv’s revenue was up 10.3% on a year-over-year basis. Equities analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current year.
Several research analysts have recently issued reports on VNTV shares. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a report on Tuesday, May 30th. Guggenheim upgraded shares of Vantiv from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $73.00 in a report on Monday, July 17th. BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $85.00 in a report on Thursday, August 10th. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.54.
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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