Artisan Partners Limited Partnership Has $205.74 Million Stake in Vantiv, Inc. (VNTV)
Artisan Partners Limited Partnership grew its position in Vantiv, Inc. (NYSE:VNTV) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,248,249 shares of the business services provider’s stock after purchasing an additional 69,377 shares during the quarter. Artisan Partners Limited Partnership owned approximately 2.02% of Vantiv worth $205,744,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Vantiv by 52.8% in the 2nd quarter. ProShare Advisors LLC now owns 5,973 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 2,065 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Vantiv in the 2nd quarter valued at $204,000. Laurion Capital Management LP acquired a new stake in shares of Vantiv in the 2nd quarter valued at $678,000. Stevens Capital Management LP raised its holdings in shares of Vantiv by 531.2% in the 2nd quarter. Stevens Capital Management LP now owns 43,435 shares of the business services provider’s stock valued at $2,751,000 after purchasing an additional 36,554 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its holdings in shares of Vantiv by 665.4% in the 2nd quarter. BlueMountain Capital Management LLC now owns 30,998 shares of the business services provider’s stock valued at $1,963,000 after purchasing an additional 26,948 shares in the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.
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A number of brokerages have recently weighed in on VNTV. Bank of America Corporation began coverage on shares of Vantiv in a report on Tuesday, September 12th. They issued a “neutral” rating on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $77.00 price objective on shares of Vantiv in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. raised their price objective on shares of Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. BidaskClub upgraded shares of Vantiv from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Tuesday, September 5th. Nine analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.09.
Shares of Vantiv, Inc. (VNTV) traded up 0.17% on Monday, reaching $72.20. 295,505 shares of the company’s stock traded hands. The company has a 50 day moving average of $69.71 and a 200-day moving average of $64.84. Vantiv, Inc. has a 52 week low of $53.11 and a 52 week high of $73.14. The stock has a market capitalization of $11.64 billion, a PE ratio of 61.03 and a beta of 0.59.
Vantiv (NYSE:VNTV) last issued its earnings results 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 company had revenue of $530.00 million for 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 firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Equities research analysts forecast that Vantiv, Inc. will post $3.35 earnings per share for the current year.
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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