Symphony Asset Management LLC decreased its holdings in Vantiv, Inc. (NYSE:VNTV) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,580 shares of the business services provider’s stock after selling 132 shares during the quarter. Symphony Asset Management LLC’s holdings in Vantiv were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VNTV. Vanguard Group Inc. increased its stake in Vantiv by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock worth $822,504,000 after buying an additional 570,194 shares in the last quarter. BlackRock Inc. increased its stake in Vantiv by 3,456.0% during the 1st quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after buying an additional 10,257,026 shares in the last quarter. William Blair Investment Management LLC increased its stake in Vantiv by 3.1% during the 1st quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock worth $369,959,000 after buying an additional 171,224 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in Vantiv by 5.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after buying an additional 235,112 shares in the last quarter. Finally, State Street Corp increased its stake in Vantiv by 0.8% during the 1st quarter. State Street Corp now owns 2,927,932 shares of the business services provider’s stock worth $187,736,000 after buying an additional 24,429 shares in the last quarter. 80.47% of the stock is owned by institutional investors.

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VNTV has been the subject of several research reports. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price objective on shares of Vantiv in a research note on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research note on Thursday, June 1st. Wedbush reiterated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Finally, KeyCorp lowered Vantiv to a “hold” rating in a research note on Monday, June 12th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.09.

Vantiv, Inc. (VNTV) opened at 72.08 on Friday. Vantiv, Inc. has a 12-month low of $53.20 and a 12-month high of $73.14. The company has a 50-day moving average price of $69.71 and a 200-day moving average price of $64.84. The firm has a market capitalization of $11.62 billion, a PE ratio of 60.93 and a beta of 0.59.

Vantiv (NYSE:VNTV) last issued 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. The business had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. On average, analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current year.

Vantiv 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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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