California Public Employees Retirement System lifted its position in Vantiv Inc (NYSE:VNTV) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,094 shares of the business services provider’s stock after acquiring an additional 23,694 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Vantiv worth $23,755,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY boosted its position in Vantiv by 4.3% during the third quarter. Bamco Inc. NY now owns 821,784 shares of the business services provider’s stock worth $57,911,000 after purchasing an additional 33,845 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Vantiv by 251.5% in the third quarter. Point72 Asset Management L.P. now owns 351,500 shares of the business services provider’s stock worth $24,770,000 after buying an additional 251,500 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Vantiv by 4,007.5% in the third quarter. Beacon Investment Advisory Services Inc. now owns 132,385 shares of the business services provider’s stock worth $9,329,000 after buying an additional 129,162 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of Vantiv by 2,754.0% in the third quarter. Highbridge Capital Management LLC now owns 2,854 shares of the business services provider’s stock worth $201,000 after buying an additional 2,754 shares in the last quarter. Finally, Crestline Management LP purchased a new stake in shares of Vantiv in the third quarter worth about $1,657,000.
Vantiv Inc (VNTV) traded down $0.05 during trading on Thursday, hitting $75.66. The company’s stock had a trading volume of 4,963,864 shares, compared to its average volume of 3,060,000. The company has a market cap of $13,450.00, a P/E ratio of 52.54, a P/E/G ratio of 1.53 and a beta of 0.58. Vantiv Inc has a 1-year low of $59.10 and a 1-year high of $78.25. 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 released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. During the same period in the previous year, the company posted $0.71 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. equities research analysts forecast that Vantiv Inc will post 3.16 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Stephens assumed coverage on shares of Vantiv in a research note on Thursday. They issued an “overweight” rating on the stock. Nomura reaffirmed a “buy” rating and issued a $85.00 target price on shares of Vantiv in a research note on Friday, September 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $82.00 price target on shares of Vantiv in a research report on Thursday, September 28th. Citigroup reiterated a “buy” rating and set a $83.00 price target on shares of Vantiv in a research report on Monday, September 25th. Finally, BidaskClub cut shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Eight research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Vantiv has an average rating of “Buy” and an average target price of $79.69.
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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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