TimesSquare Capital Management LLC Sells 507,125 Shares of Vantiv, Inc. (VNTV)

TimesSquare Capital Management LLC lessened its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 27.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,358,700 shares of the business services provider’s stock after selling 507,125 shares during the period. TimesSquare Capital Management LLC owned about 0.76% of Vantiv worth $95,748,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Great Lakes Advisors LLC raised its stake 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 valued at $204,000 after purchasing an additional 47 shares during the period. Shaker Investments LLC OH raised its stake in Vantiv by 0.7% during the 2nd quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 80 shares during the period. Wedge Capital Management L L P NC raised its stake in Vantiv by 0.8% during the 2nd 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 purchasing an additional 98 shares during the period. Capstone Asset Management Co. raised its stake in Vantiv by 3.1% during the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after purchasing an additional 140 shares during the period. Finally, Associated Banc Corp raised its stake in Vantiv by 1.2% during the 2nd quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 215 shares during the period. Institutional investors own 91.80% of the company’s stock.

Several analysts have issued reports on VNTV shares. Nomura boosted their target price on shares of Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Cantor Fitzgerald reissued a “buy” rating and set a $74.00 target price on shares of Vantiv in a research note on Thursday, October 26th. Keefe, Bruyette & Woods set a $82.00 target price on shares of Vantiv and gave the company a “buy” rating in a research note on Sunday, August 13th. BidaskClub downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price on shares of Vantiv in a research note on Tuesday, October 24th. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.96.

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Vantiv, Inc. (VNTV) traded up $0.02 during mid-day trading on Friday, reaching $71.36. 1,001,100 shares of the company’s stock were exchanged, compared to its average volume of 1,915,973. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. Vantiv, Inc. has a one year low of $54.38 and a one year high of $73.14. The company has a market capitalization of $12,684.81, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.59 and a beta of 0.56.

Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. equities analysts forecast that Vantiv, Inc. will post 3.15 earnings per share for the current fiscal year.

Vantiv 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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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