Kayne Anderson Rudnick Investment Management LLC Boosts Holdings in Vantiv, Inc. (VNTV)

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 61.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,555 shares of the business services provider’s stock after purchasing an additional 10,494 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Vantiv were worth $1,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its position in Vantiv by 6.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 468,593 shares of the business services provider’s stock worth $33,022,000 after acquiring an additional 28,287 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Vantiv by 1.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,051 shares of the business services provider’s stock worth $3,457,000 after acquiring an additional 741 shares during the period. Bank of New York Mellon Corp raised its position in Vantiv by 192.8% in the third quarter. Bank of New York Mellon Corp now owns 1,711,243 shares of the business services provider’s stock worth $120,592,000 after acquiring an additional 1,126,840 shares during the period. DekaBank Deutsche Girozentrale raised its position in Vantiv by 3.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 99,080 shares of the business services provider’s stock worth $7,216,000 after acquiring an additional 3,376 shares during the period. Finally, Rhumbline Advisers raised its position in Vantiv by 0.6% in the third quarter. Rhumbline Advisers now owns 212,998 shares of the business services provider’s stock worth $15,010,000 after acquiring an additional 1,261 shares during the period.

A number of analysts have recently issued reports on the stock. Nomura increased their price objective on shares of Vantiv from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $74.00 price objective on shares of Vantiv in a research note on Thursday, October 26th. Keefe, Bruyette & Woods set a $82.00 price objective on shares of Vantiv and gave the stock a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank increased their price objective on shares of Vantiv to $82.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BidaskClub cut shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $76.54.

Vantiv, Inc. (VNTV) traded down $3.26 during mid-day trading on Monday, reaching $71.87. 4,159,722 shares of the company’s stock traded hands, compared to its average volume of 1,981,573. Vantiv, Inc. has a fifty-two week low of $55.80 and a fifty-two week high of $76.22. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. The company has a market capitalization of $13,354.96, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.67 and a beta of 0.58.

Vantiv (NYSE:VNTV) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. research analysts anticipate that Vantiv, Inc. will post 3.16 EPS for the current fiscal year.

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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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