Alps Advisors Inc. Buys New Holdings in Vantiv, Inc. (VNTV)
Alps Advisors Inc. bought a new position in Vantiv, Inc. (NYSE:VNTV) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,489 shares of the business services provider’s stock, valued at approximately $457,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank grew its position in shares of Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after buying an additional 217 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Vantiv by 404.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of Vantiv in the 2nd quarter valued at about $204,000. Great Lakes Advisors LLC grew its position in shares of Vantiv by 1.5% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Vantiv in the 2nd quarter valued at about $204,000. 91.80% of the stock is owned by institutional investors and hedge funds.
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A number of research firms have commented on VNTV. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their price target for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reiterated a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. upped their price target on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Robert W. Baird reiterated an “outperform” rating and issued a $80.00 price target (up previously from $72.00) on shares of Vantiv in a research report on Thursday, August 10th. Finally, Craig Hallum set a $80.00 price target on Vantiv and gave the company a “buy” rating in a research report on Thursday, August 10th. Twelve research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.96.
Shares of Vantiv, Inc. (VNTV) opened at $70.80 on Tuesday. The company has a market capitalization of $12,440.00, a P/E ratio of 23.49, a PEG ratio of 1.56 and a beta of 0.56. Vantiv, Inc. has a 52 week low of $54.38 and a 52 week high of $73.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. equities research analysts predict that Vantiv, Inc. will post 3.15 EPS for the current year.
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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