Alliancebernstein L.P. lessened its holdings in shares of Vantiv, Inc. (NYSE:VNTV) by 26.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,196,886 shares of the business services provider’s stock after selling 773,769 shares during the period. Alliancebernstein L.P. owned approximately 1.37% of Vantiv worth $139,151,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in VNTV. Capstone Asset Management Co. grew its holdings in Vantiv by 15.4% during the first quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after acquiring an additional 600 shares during the period. ProShare Advisors LLC grew its holdings in Vantiv by 13.9% in the first quarter. ProShare Advisors LLC now owns 3,908 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 476 shares during the last quarter. IFP Advisors Inc grew its holdings in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,060 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Vantiv by 12.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,582 shares of the business services provider’s stock valued at $806,000 after purchasing an additional 1,402 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Vantiv by 20.1% in the first quarter. First Trust Advisors LP now owns 313,872 shares of the business services provider’s stock valued at $20,125,000 after purchasing an additional 52,595 shares during the last quarter. 80.47% of the stock is currently owned by hedge funds and other institutional investors.
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Vantiv, Inc. (NYSE:VNTV) opened at 72.08 on Friday. Vantiv, Inc. has a 12-month low of $53.20 and a 12-month high of $73.14. The stock has a market capitalization of $11.62 billion, a P/E ratio of 60.93 and a beta of 0.59. The stock has a 50 day moving average price of $69.71 and a 200-day moving average price of $64.84.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Equities research analysts expect that Vantiv, Inc. will post $3.35 EPS for the current year.
VNTV has been the topic of several research reports. KeyCorp lowered Vantiv to a “hold” rating in a report on Monday, June 12th. BidaskClub lowered Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 target price on shares of Vantiv in a report on Tuesday, May 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 price objective (up previously from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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