Mutual of America Capital Management LLC increased its holdings in Vantiv, Inc. (NYSE:VNTV) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,311 shares of the business services provider’s stock after purchasing an additional 1,300 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vantiv were worth $515,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VNTV. Voya Investment Management LLC grew its stake in shares of Vantiv by 86.1% in the second quarter. Voya Investment Management LLC now owns 2,385,622 shares of the business services provider’s stock worth $151,105,000 after purchasing an additional 1,103,406 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Vantiv in the second quarter worth $51,274,000. Bessemer Group Inc. grew its stake in shares of Vantiv by 51.8% in the second quarter. Bessemer Group Inc. now owns 2,334,886 shares of the business services provider’s stock worth $147,891,000 after purchasing an additional 797,144 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Vantiv in the second quarter worth $637,000. Finally, Janus Henderson Group PLC grew its stake in shares of Vantiv by 2,834.7% in the second quarter. Janus Henderson Group PLC now owns 515,573 shares of the business services provider’s stock worth $32,657,000 after purchasing an additional 498,005 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.
Shares of Vantiv, Inc. (VNTV) opened at $68.84 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.45. The company has a market capitalization of $13,598.38, a PE ratio of 23.10, a P/E/G ratio of 1.53 and a beta of 0.56.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. Vantiv’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. analysts forecast that Vantiv, Inc. will post 3.15 earnings per share for the current year.
A number of analysts have commented on VNTV shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 price target on shares of Vantiv in a research report on Friday, October 13th. BidaskClub cut shares of Vantiv from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Nomura cut their price target on shares of Vantiv from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research cut shares of Vantiv from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 price target (up previously from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.60.
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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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