Crow Point Partners LLC reduced its holdings in Vantiv, Inc. (NYSE:VNTV) by 57.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,031 shares of the business services provider’s stock after selling 5,496 shares during the period. Crow Point Partners LLC’s holdings in Vantiv were worth $286,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Great Lakes Advisors LLC increased its stake in Vantiv by 1.5% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the last quarter. Shaker Investments LLC OH increased its stake in shares of Vantiv by 0.7% during the 2nd quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock worth $727,000 after purchasing an additional 80 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of 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 worth $823,000 after purchasing an additional 98 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Vantiv by 3.1% during the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock worth $293,000 after purchasing an additional 140 shares during the last quarter. Finally, Associated Banc Corp increased its stake in shares of Vantiv by 1.2% during the 2nd quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock worth $1,134,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.
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Shares of Vantiv, Inc. (NYSE VNTV) traded down 1.08% during trading on Friday, hitting $68.01. 6,683,522 shares of the stock traded hands. The stock has a 50-day moving average of $70.97 and a 200 day moving average of $66.18. The company has a market cap of $10.97 billion, a P/E ratio of 57.49 and a beta of 0.61. Vantiv, Inc. has a 1-year low of $54.38 and a 1-year high of $73.14.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results 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. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 34.66% and a net margin of 6.07%. Vantiv’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts predict that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
Several research analysts have recently weighed in on VNTV shares. Royal Bank Of Canada restated a “buy” rating and set a $78.00 price objective on shares of Vantiv in a research note on Friday, October 13th. BidaskClub lowered shares of Vantiv from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank AG restated a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.60.
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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