Barings LLC continued to hold its position in shares of Vantiv, Inc. (NYSE:VNTV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,400 shares of the business services provider’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Vantiv were worth $859,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. acquired a new stake in Vantiv in the second quarter valued at $204,000. Great Lakes Advisors LLC grew its holdings in Vantiv by 1.5% in the second 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 during the last quarter. Profund Advisors LLC acquired a new stake in Vantiv in the second quarter valued at $204,000. Pacer Advisors Inc. grew its holdings in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new stake in Vantiv in the second quarter valued at $211,000. 80.16% of the stock is currently owned by institutional investors.
Vantiv (NYSE:VNTV) last issued 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. The business had revenue of $530.00 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%. Vantiv’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share.
VNTV has been the topic of several research reports. BidaskClub lowered Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and issued a $72.00 target price (up previously from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Stifel Nicolaus lowered their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods set a $82.00 target price on Vantiv and gave the company a “buy” rating in a report on Sunday, August 13th. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $75.48.
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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