State of New Jersey Common Pension Fund D Invests $987,000 in Vantiv, Inc. (VNTV)
State of New Jersey Common Pension Fund D acquired a new stake in Vantiv, Inc. (NYSE:VNTV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,000 shares of the business services provider’s stock, valued at approximately $987,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in shares of Vantiv in the first quarter valued at about $230,000. GAM Holding AG raised its position in shares of Vantiv by 41.6% in the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 6,045 shares during the period. NN Investment Partners Holdings N.V. raised its position in shares of Vantiv by 0.9% in the second 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 purchasing an additional 599 shares during the period. Teachers Advisors LLC increased its position in Vantiv by 1.8% during the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock worth $26,449,000 after acquiring an additional 7,224 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Vantiv during the second quarter worth about $51,274,000. 80.39% of the stock is currently owned by institutional investors.
Shares of Vantiv, Inc. (VNTV) opened at $68.84 on Friday. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $13,590.48, a P/E ratio of 23.09, a P/E/G ratio of 1.53 and a beta of 0.56.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. equities research analysts expect that Vantiv, Inc. will post 3.15 EPS for the current year.
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VNTV has been the topic of a number of recent research reports. KeyCorp raised shares of Vantiv from a “sector weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research report on Thursday, July 13th. Guggenheim raised shares of Vantiv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $73.00 in a research report on Monday, July 17th. BidaskClub raised shares of Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Vantiv from a “sell” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Saturday, July 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Vantiv in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Vantiv presently has an average rating of “Buy” and a consensus target price of $75.60.
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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