Lord Abbett & CO. LLC decreased its stake in Vantiv, Inc. (NYSE:VNTV) by 70.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,701 shares of the business services provider’s stock after selling 187,273 shares during the period. Lord Abbett & CO. LLC’s holdings in Vantiv were worth $4,922,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Vantiv by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Vantiv by 404.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,740 shares in the last quarter. Great Lakes Advisors LLC boosted 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. Profund Advisors LLC purchased a new stake in shares of Vantiv in the 2nd quarter valued at $204,000. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in shares of Vantiv in the 2nd quarter valued at $204,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.
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VNTV has been the subject of a number of research reports. Nomura upped their price objective on shares of Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Vantiv in a research note on Thursday. Keefe, Bruyette & Woods set a $82.00 price objective on shares of Vantiv and gave the company a “buy” rating in a research note on Sunday, August 13th. Stifel Nicolaus cut their price objective on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. Finally, BidaskClub cut shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.60.
Shares of Vantiv, Inc. (NYSE VNTV) opened at 68.01 on Monday. Vantiv, Inc. has a 52-week low of $54.38 and a 52-week high of $73.14. The stock has a 50 day moving average of $70.82 and a 200 day moving average of $66.24. The stock has a market capitalization of $10.97 billion, a PE ratio of 57.49 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its 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. 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 period in the previous year, the firm earned $0.71 earnings per share. Analysts forecast that Vantiv, Inc. will post $3.35 earnings per share for the current year.
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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