Teachers Advisors LLC Has $28.76 Million Position in Vantiv, Inc. (VNTV)
Teachers Advisors LLC lifted its position in shares of Vantiv, Inc. (NYSE:VNTV) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 454,027 shares of the business services provider’s stock after acquiring an additional 41,532 shares during the period. Teachers Advisors LLC owned approximately 0.28% of Vantiv worth $28,758,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Vantiv in the 1st quarter worth approximately $230,000. NN Investment Partners Holdings N.V. grew 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 worth $4,219,000 after purchasing an additional 599 shares during the period. GAM Holding AG grew its position in Vantiv by 41.6% in the 2nd quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock worth $1,303,000 after purchasing an additional 6,045 shares during the period. Origin Asset Management LLP bought a new stake in Vantiv in the 1st quarter worth approximately $8,374,000. Finally, Credit Agricole S A grew 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 worth $32,815,000 after purchasing an additional 100,329 shares during the period. 80.35% of the stock is owned by institutional investors.
Vantiv, Inc. (NYSE VNTV) opened at 71.90 on Thursday. The stock has a market cap of $11.60 billion, a PE ratio of 60.78 and a beta of 0.59. Vantiv, Inc. has a 1-year low of $54.22 and a 1-year high of $73.14. The company’s 50 day moving average is $70.18 and its 200-day moving average is $64.92.
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 Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. Equities research analysts forecast that Vantiv, Inc. will post $3.35 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Bank of America Corporation assumed coverage on shares of Vantiv in a research report on Tuesday, September 12th. They issued a “neutral” rating for the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $77.00 target price on shares of Vantiv in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. lifted their target price on shares of Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. BidaskClub raised shares of Vantiv from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, September 5th. Nine analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $75.09.
Vantiv Company 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.
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