Commonwealth Bank of Australia held its position in Vantiv, Inc. (NYSE:VNTV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,700 shares of the business services provider’s stock at the close of the second quarter. Commonwealth Bank of Australia’s holdings in Vantiv were worth $107,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after purchasing an additional 408 shares during the period. WINTON GROUP Ltd bought a new position in shares of Vantiv in the first quarter worth about $203,000. Beacon Investment Advisory Services Inc. bought a new position in shares of Vantiv in the second quarter worth about $204,000. Great Lakes Advisors LLC increased its stake in shares of Vantiv by 1.5% in the second 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 period. Finally, Pacer Advisors Inc. increased its stake in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after purchasing an additional 1,739 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.
A number of equities analysts have recently commented on VNTV shares. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a research note on Tuesday, May 30th. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $73.00 in a research note on Monday, July 17th. BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and boosted their price target for the company from $63.00 to $85.00 in a research note on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.09.
Shares of Vantiv, Inc. (NYSE VNTV) opened at 71.98 on Wednesday. Vantiv, Inc. has a 12-month low of $54.22 and a 12-month high of $73.14. The firm’s 50-day moving average price is $70.18 and its 200-day moving average price is $64.92. The firm has a market capitalization of $11.61 billion, a P/E ratio of 60.85 and a beta of 0.59.
Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. During the same period last year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current fiscal year.
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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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