Envestnet Asset Management Inc. grew its stake in Vantiv, Inc. (NYSE:VNTV) by 19.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,373 shares of the business services provider’s stock after acquiring an additional 6,200 shares during the period. Envestnet Asset Management Inc.’s holdings in Vantiv were worth $2,703,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grisanti Capital Management LLC grew its holdings in shares of Vantiv by 32.7% in the 3rd quarter. Grisanti Capital Management LLC now owns 124,340 shares of the business services provider’s stock valued at $8,762,000 after acquiring an additional 30,645 shares in the last quarter. Nicholas Investment Partners LP grew its holdings in shares of Vantiv by 34.8% in the 3rd quarter. Nicholas Investment Partners LP now owns 62,578 shares of the business services provider’s stock valued at $4,410,000 after acquiring an additional 16,161 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Vantiv by 18.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 782,091 shares of the business services provider’s stock valued at $55,114,000 after acquiring an additional 119,421 shares in the last quarter. Strategic Global Advisors LLC grew its holdings in shares of Vantiv by 22.5% in the 3rd quarter. Strategic Global Advisors LLC now owns 20,803 shares of the business services provider’s stock valued at $1,466,000 after acquiring an additional 3,816 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Vantiv by 68.5% in the 3rd quarter. Brown Advisory Inc. now owns 8,401 shares of the business services provider’s stock valued at $592,000 after acquiring an additional 3,415 shares in the last quarter.
A number of research firms recently commented on VNTV. BidaskClub cut Vantiv from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $77.00 price target on shares of Vantiv in a report on Thursday, August 24th. Zacks Investment Research cut Vantiv from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Royal Bank of Canada reiterated a “buy” rating and set a $78.00 price target on shares of Vantiv in a report on Friday, October 13th. Finally, Berenberg Bank began coverage on Vantiv in a report on Thursday, November 16th. They set a “buy” rating and a $85.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $78.00.
Shares of Vantiv, Inc. (VNTV) traded down $1.20 during trading hours on Thursday, hitting $73.59. The stock had a trading volume of 2,459,100 shares, compared to its average volume of 1,993,823. Vantiv, Inc. has a 12 month low of $57.14 and a 12 month high of $76.22. The company has a market capitalization of $13,294.52, a PE ratio of 25.10, a PEG ratio of 1.66 and a beta of 0.58. 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 data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. analysts forecast that Vantiv, Inc. will post 3.16 earnings per share for the current year.
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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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