Victory Capital Management Inc. trimmed its holdings in shares of Vantiv, Inc. (NYSE:VNTV) by 92.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,190 shares of the business services provider’s stock after selling 352,312 shares during the quarter. Victory Capital Management Inc.’s holdings in Vantiv were worth $1,987,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in VNTV. Toronto Dominion Bank lifted its position in shares of Vantiv by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after purchasing an additional 217 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Vantiv by 404.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of Vantiv during the second quarter worth $204,000. Great Lakes Advisors LLC lifted its position in shares of Vantiv by 1.5% during the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Vantiv during the second quarter worth $204,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
VNTV has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 target price on shares of Vantiv in a research report on Friday, October 13th. BidaskClub downgraded Vantiv from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Nomura decreased their target price on Vantiv from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG restated a “buy” rating and issued a $72.00 price objective (up from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $75.96.
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Shares of Vantiv, Inc. (VNTV) opened at $69.99 on Monday. Vantiv, Inc. has a 52 week low of $54.38 and a 52 week high of $73.14. The firm has a market capitalization of $12,441.28, a PE ratio of 23.49, a PEG ratio of 1.56 and a beta of 0.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. research analysts forecast that Vantiv, Inc. will post 3.15 EPS for the current fiscal 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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