BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in Vantiv, Inc. (NYSE:VNTV) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,221 shares of the business services provider’s stock after selling 40,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.20% of Vantiv worth $24,610,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its holdings in shares of Vantiv by 3.1% in the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 140 shares during the period. Aperio Group LLC increased its holdings in shares of Vantiv by 3.0% in the 2nd quarter. Aperio Group LLC now owns 17,583 shares of the business services provider’s stock valued at $1,114,000 after acquiring an additional 513 shares during the period. US Bancorp DE increased its holdings in shares of Vantiv by 10.4% in the 2nd quarter. US Bancorp DE now owns 16,506 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 1,557 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Vantiv by 19.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 103,544 shares of the business services provider’s stock valued at $6,550,000 after acquiring an additional 16,832 shares during the period. Finally, Rothschild Asset Management Inc. increased its holdings in shares of Vantiv by 13.2% in the 2nd quarter. Rothschild Asset Management Inc. now owns 9,154 shares of the business services provider’s stock valued at $580,000 after acquiring an additional 1,064 shares during the period.
Several research analysts recently weighed in on the company. Cowen restated a “buy” rating and set a $84.00 target price on shares of Vantiv in a research note on Thursday. Deutsche Bank boosted their target price on Vantiv to $82.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp restated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Vantiv in a research note on Monday. Wedbush upgraded Vantiv from a “neutral” rating to an “outperform” rating in a research note on Friday, December 1st. Finally, Berenberg Bank began coverage on Vantiv in a research report on Thursday, November 16th. They set a “buy” rating and a $85.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.12.
Shares of Vantiv, Inc. (VNTV) traded down $0.21 during trading on Thursday, reaching $71.92. The company had a trading volume of 1,861,200 shares, compared to its average volume of 1,987,663. The stock has a market capitalization of $12,821.68, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.58. Vantiv, Inc. has a 52 week low of $56.55 and a 52 week high of $76.22. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. equities research analysts predict that Vantiv, Inc. will post 3.16 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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