Nationwide Fund Advisors lessened its stake in Vantiv, Inc. (NYSE:VNTV) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 362,055 shares of the business services provider’s stock after selling 34,130 shares during the quarter. Nationwide Fund Advisors owned 0.22% of Vantiv worth $25,514,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Great Lakes Advisors LLC increased its stake in shares of 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 purchasing an additional 47 shares in the last quarter. Shaker Investments LLC OH increased its stake in shares of Vantiv by 0.7% in the 2nd quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 80 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Vantiv by 0.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 98 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of 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 purchasing an additional 140 shares in the last quarter. Finally, Associated Banc Corp increased its stake in shares of 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 purchasing an additional 215 shares in the last quarter.
Several research firms have commented on VNTV. Royal Bank Of Canada reiterated a “buy” rating and set a $78.00 price objective on shares of Vantiv in a research note on Friday, October 13th. BidaskClub lowered Vantiv from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th. Nomura cut their price objective on Vantiv from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Deutsche Bank reiterated 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. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.54.
Shares of Vantiv, Inc. (VNTV) traded down $3.26 during midday trading on Tuesday, hitting $71.87. The stock had a trading volume of 4,159,700 shares, compared to its average volume of 1,981,573. The firm has a market capitalization of $13,354.96, a PE ratio of 25.21, a P/E/G ratio of 1.67 and a beta of 0.58. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. Vantiv, Inc. has a twelve month low of $55.80 and a twelve month high of $76.22.
Vantiv (NYSE:VNTV) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. sell-side analysts expect that Vantiv, Inc. will post 3.16 earnings per share for the current fiscal year.
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Vantiv Company 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.
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