Navellier & Associates Inc cut its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 60.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,514 shares of the business services provider’s stock after selling 105,038 shares during the period. Navellier & Associates Inc’s holdings in Vantiv were worth $4,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in shares of Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after buying an additional 217 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Vantiv by 404.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,740 shares during the last quarter. Great Lakes Advisors LLC lifted its position in shares of 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 buying an additional 47 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Vantiv in the second quarter valued at approximately $204,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv in the second quarter valued at approximately $204,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

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Vantiv, Inc. (VNTV) traded down 0.03% during trading on Monday, reaching $69.96. The company’s stock had a trading volume of 1,401,633 shares. Vantiv, Inc. has a 12 month low of $54.38 and a 12 month high of $73.14. The stock’s 50 day moving average is $71.27 and its 200 day moving average is $65.83. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 59.14 and a beta of 0.61.

Vantiv (NYSE:VNTV) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, equities analysts expect that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods set a $82.00 price objective on Vantiv and gave the company a “buy” rating in a research report on Sunday, August 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Vantiv in a research report on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Vantiv in a research report on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Vantiv in a research report on Thursday, August 10th. Finally, Citigroup Inc. raised their price objective on Vantiv from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.68.

Vantiv Profile

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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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