Oak Associates Ltd. OH Has $263,000 Stake in Vantiv, Inc. (VNTV)
Oak Associates Ltd. OH cut its stake in Vantiv, Inc. (NYSE:VNTV) by 36.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,160 shares of the business services provider’s stock after selling 2,390 shares during the quarter. Oak Associates Ltd. OH’s holdings in Vantiv were worth $263,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,740 shares during the period. Beacon Investment Advisory Services Inc. acquired a new stake in Vantiv during the 2nd quarter worth about $204,000. Great Lakes Advisors LLC lifted its position in Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after acquiring an additional 47 shares during the period. Profund Advisors LLC acquired a new stake in Vantiv during the 2nd quarter worth about $204,000. Finally, Bridgewater Associates LP acquired a new stake in Vantiv during the 2nd quarter worth about $211,000. Institutional investors and hedge funds own 80.03% of the company’s stock.
A number of analysts have commented on the company. Bank of America Corporation assumed coverage on Vantiv in a research report on Tuesday, September 12th. They set a “neutral” rating for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $77.00 price target on shares of Vantiv in a research report on Thursday, August 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $83.00 price target on shares of Vantiv in a research report on Monday, September 25th. Oppenheimer Holdings, Inc. lifted their price target on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Finally, BidaskClub raised Vantiv from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the stock. Vantiv currently has a consensus rating of “Buy” and an average price target of $75.68.
Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ 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 $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.
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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