DekaBank Deutsche Girozentrale raised its stake in Vantiv, Inc. (NYSE:VNTV) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,080 shares of the business services provider’s stock after purchasing an additional 3,376 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of Vantiv worth $7,216,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of VNTV. Great Lakes Advisors LLC lifted its holdings 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 worth $204,000 after purchasing an additional 47 shares during the last quarter. Shaker Investments LLC OH lifted its holdings 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 worth $727,000 after purchasing an additional 80 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings 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 worth $823,000 after purchasing an additional 98 shares during the last quarter. Capstone Asset Management Co. raised its holdings in Vantiv by 3.1% in the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 140 shares in the last quarter. Finally, Associated Banc Corp raised its holdings in Vantiv by 1.2% in the 2nd quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock valued at $1,134,000 after acquiring an additional 215 shares in the last quarter.
Several equities analysts have weighed in on the company. Deutsche Bank lifted their price objective on Vantiv to $82.00 and gave the company a “buy” rating in a report on Monday. KeyCorp reissued an “overweight” rating and set a $85.00 price target (up previously from $80.00) on shares of Vantiv in a report on Monday. Wedbush raised Vantiv from a “neutral” rating to an “outperform” rating in a report on Friday. Berenberg Bank initiated coverage on Vantiv in a report on Thursday, November 16th. They set a “buy” rating and a $85.00 price target for the company. Finally, BidaskClub upgraded Vantiv from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.54.
Shares of Vantiv, Inc. (NYSE:VNTV) traded down $3.26 during trading on Monday, hitting $71.87. The stock had a trading volume of 4,159,722 shares, compared to its average volume of 1,981,573. The stock has a market capitalization of $13,354.96, a P/E ratio of 25.21, a PEG ratio of 1.67 and a beta of 0.58. Vantiv, Inc. has a 12-month low of $55.80 and a 12-month high of $76.22. 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 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm 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 41.19% and a net margin of 6.07%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. equities analysts expect that Vantiv, Inc. will post 3.16 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/04/dekabank-deutsche-girozentrale-raises-position-in-vantiv-inc-vntv.html.
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.
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.