Swiss National Bank increased its holdings in Vantiv, Inc. (NYSE:VNTV) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,100 shares of the business services provider’s stock after acquiring an additional 9,900 shares during the quarter. Swiss National Bank owned about 364,027.54% of Vantiv worth $50,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in shares of Vantiv by 17.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,110 shares of the business services provider’s stock worth $360,000 after acquiring an additional 760 shares in the last quarter. S&CO Inc. bought a new position in shares of Vantiv in the 3rd quarter worth about $222,000. American Century Companies Inc. grew its position in Vantiv by 177.3% during the 3rd quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock valued at $183,555,000 after purchasing an additional 1,665,292 shares during the last quarter. State of Wisconsin Investment Board grew its position in Vantiv by 4.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 184,640 shares of the business services provider’s stock valued at $13,012,000 after purchasing an additional 7,859 shares during the last quarter. Finally, Stevens Capital Management LP grew its position in Vantiv by 264.8% during the 3rd quarter. Stevens Capital Management LP now owns 158,464 shares of the business services provider’s stock valued at $11,167,000 after purchasing an additional 115,029 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.
Several brokerages recently commented on VNTV. Stifel Nicolaus raised shares of Vantiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reissued a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. increased their price objective on shares of 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 reissued a “buy” rating and set a $82.00 price objective on shares of Vantiv in a research report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Vantiv in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $75.60.
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Vantiv, Inc. (VNTV) opened at $69.39 on Tuesday. Vantiv, Inc. has a one year low of $54.38 and a one year 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. The firm has a market cap of $12,320.41, a P/E ratio of 23.26, a PEG ratio of 1.54 and a beta of 0.56.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. research analysts expect that Vantiv, Inc. will post 3.15 earnings per share for the current fiscal 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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