Schwab Charles Investment Management Inc. boosted its position in shares of Vantiv, Inc. (NYSE:VNTV) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 546,643 shares of the business services provider’s stock after purchasing an additional 49,092 shares during the period. Schwab Charles Investment Management Inc. owned about 0.34% of Vantiv worth $34,625,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of VNTV. HighTower Advisors LLC purchased a new stake in Vantiv in the 1st quarter valued at about $230,000. NN Investment Partners Holdings N.V. boosted its position in Vantiv by 0.9% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after buying an additional 599 shares during the period. Teachers Advisors LLC boosted its position in Vantiv by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the period. Origin Asset Management LLP purchased a new stake in Vantiv in the 1st quarter valued at about $8,374,000. Finally, Credit Agricole S A boosted its position in Vantiv by 24.4% in the 1st quarter. Credit Agricole S A now owns 511,764 shares of the business services provider’s stock valued at $32,815,000 after buying an additional 100,329 shares during the period. Institutional investors own 80.47% of the company’s stock.
Vantiv, Inc. (NYSE VNTV) opened at 72.48 on Wednesday. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 61.27 and a beta of 0.59. Vantiv, Inc. has a 52 week low of $52.85 and a 52 week high of $72.91. The firm’s 50-day moving average is $68.82 and its 200-day moving average is $64.64.
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 the consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same quarter in the prior year, the firm earned $0.70 EPS. Vantiv’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts anticipate that Vantiv, Inc. will post $3.35 earnings per share for the current year.
VNTV has been the subject of several research reports. Zacks Investment Research cut shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus lowered their price objective on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. BidaskClub raised shares of Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, KeyCorp cut shares of Vantiv to a “hold” rating in a research report on Monday, June 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $74.54.
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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