Loeb Partners Corp maintained its stake in shares of Vantiv, Inc. (NYSE:VNTV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the business services provider’s stock at the end of the second quarter. Loeb Partners Corp’s holdings in Vantiv were worth $317,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Vantiv during the first quarter valued at approximately $672,000. Columbus Circle Investors raised its position in shares of Vantiv by 2.4% in the first quarter. Columbus Circle Investors now owns 1,273,090 shares of the business services provider’s stock valued at $81,631,000 after buying an additional 29,954 shares in the last quarter. DnB Asset Management AS raised its position in shares of Vantiv by 2.4% in the first quarter. DnB Asset Management AS now owns 125,998 shares of the business services provider’s stock valued at $8,079,000 after buying an additional 3,000 shares in the last quarter. Telemus Capital LLC raised its position in shares of Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Vantiv during the first quarter valued at approximately $242,000. 84.49% of the stock is owned by institutional investors.
Vantiv, Inc. (VNTV) traded up 1.05% during midday trading on Friday, reaching $70.03. The company had a trading volume of 5,467,033 shares. The company has a market capitalization of $11.29 billion, a P/E ratio of 59.20 and a beta of 0.61. The firm has a 50-day moving average of $63.84 and a 200 day moving average of $63.50. Vantiv, Inc. has a 1-year low of $52.50 and a 1-year high of $70.15.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. On average, equities research analysts forecast that Vantiv, Inc. will post $3.33 EPS for the current year.
Several brokerages have commented on VNTV. Stifel Nicolaus raised Vantiv from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $85.00 in a research report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $64.00 price objective on shares of Vantiv in a research report on Thursday. BidaskClub raised Vantiv from a “hold” rating to a “buy” rating in a research report on Thursday. Craig Hallum set a $80.00 price objective on Vantiv and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup Inc. raised their price target on Vantiv from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Vantiv presently has a consensus rating of “Buy” and an average target price of $69.87.
In other news, insider Matt Taylor sold 11,622 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
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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