BlueMountain Capital Management LLC grew its position in Vantiv, Inc. (NYSE:VNTV) by 665.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,998 shares of the business services provider’s stock after acquiring an additional 26,948 shares during the period. BlueMountain Capital Management LLC’s holdings in Vantiv were worth $1,963,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Great Lakes Advisors LLC raised its stake in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 47 shares during the last quarter. Shaker Investments LLC OH raised its stake in shares of Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after acquiring an additional 80 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Vantiv by 0.8% in the second 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 acquiring an additional 98 shares during the last quarter. Utah Retirement Systems raised its stake in shares of Vantiv by 0.4% in the first quarter. Utah Retirement Systems now owns 28,300 shares of the business services provider’s stock valued at $1,815,000 after acquiring an additional 100 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Vantiv by 3.1% in the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 80.35% of the company’s stock.
Shares of Vantiv, Inc. (VNTV) opened at 72.21 on Tuesday. Vantiv, Inc. has a 12-month low of $53.79 and a 12-month high of $73.14. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 61.04 and a beta of 0.59. The firm’s 50-day moving average is $69.94 and its 200-day moving average is $64.88.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current fiscal year.
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A number of research analysts have recently issued reports on VNTV shares. KeyCorp cut shares of Vantiv to a “hold” rating in a research note on Monday, June 12th. BidaskClub cut shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $72.00 target price (up previously from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $75.09.
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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