Lucha Capital Management LP grew its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 57.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,101 shares of the business services provider’s stock after purchasing an additional 69,104 shares during the period. Vantiv makes up 3.9% of Lucha Capital Management LP’s investment portfolio, making the stock its 3rd largest holding. Lucha Capital Management LP owned approximately 0.12% of Vantiv worth $12,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Great Lakes Advisors LLC boosted its stake in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 47 shares in the last quarter. Shaker Investments LLC OH boosted its stake in shares of Vantiv by 0.7% during the 2nd quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 80 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Vantiv by 0.8% during the 2nd 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 purchasing an additional 98 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Vantiv by 0.4% during the 1st quarter. Utah Retirement Systems now owns 28,300 shares of the business services provider’s stock valued at $1,815,000 after purchasing an additional 100 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Vantiv by 3.1% during the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 140 shares in the last quarter. 80.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $65.00 target price (up previously from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $66.00 target price on shares of Vantiv in a research note on Thursday, June 1st. KeyCorp lowered shares of Vantiv to a “hold” rating in a research note on Monday, June 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $77.00 target price on shares of Vantiv in a research note on Thursday, August 24th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.09.

COPYRIGHT VIOLATION WARNING: “Vantiv, Inc. (VNTV) Stake Raised by Lucha Capital Management LP” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/18/vantiv-inc-vntv-stake-raised-by-lucha-capital-management-lp.html.

Shares of Vantiv, Inc. (NYSE VNTV) traded up 0.08% during mid-day trading on Monday, reaching $72.14. 419,738 shares of the company’s stock were exchanged. Vantiv, Inc. has a one year low of $53.11 and a one year high of $73.14. The company’s 50-day moving average price is $69.71 and its 200-day moving average price is $64.84. The company has a market capitalization of $11.63 billion, a PE ratio of 60.98 and a beta of 0.59.

Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company 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%. Vantiv’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. On average, equities analysts expect 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.

Want to see what other hedge funds are holding VNTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vantiv, Inc. (NYSE:VNTV).

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

Receive News & Stock Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related stocks with our FREE daily email newsletter.