Investec Asset Management LTD increased its holdings in Vantiv, Inc. (NYSE:VNTV) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,645,303 shares of the business services provider’s stock after acquiring an additional 128,308 shares during the quarter. Vantiv comprises approximately 1.1% of Investec Asset Management LTD’s portfolio, making the stock its 29th biggest position. Investec Asset Management LTD owned 2.27% of Vantiv worth $230,893,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in Vantiv during the first quarter valued at $230,000. NN Investment Partners Holdings N.V. lifted its position in Vantiv by 0.9% during 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 buying an additional 599 shares during the period. Teachers Advisors LLC lifted 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 valued at $26,449,000 after buying an additional 7,224 shares during the period. GAM Holding AG lifted its position in Vantiv by 41.6% during the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after buying an additional 6,045 shares during the period. Finally, Origin Asset Management LLP purchased a new position in Vantiv during the first quarter valued at $8,374,000. 80.47% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Vantiv, Inc. (VNTV) Shares Bought by Investec Asset Management LTD” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/17/vantiv-inc-vntv-shares-bought-by-investec-asset-management-ltd.html.

Vantiv, Inc. (NYSE VNTV) traded down 0.10% on Friday, reaching $72.08. The company had a trading volume of 1,883,813 shares. The stock’s 50 day moving average is $69.71 and its 200-day moving average is $64.84. The stock has a market capitalization of $11.62 billion, a P/E ratio of 60.93 and a beta of 0.59. Vantiv, Inc. has a 1-year low of $53.20 and a 1-year high of $73.14.

Vantiv (NYSE:VNTV) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.83 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 analyst estimates of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. On average, equities analysts predict that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.

Several equities analysts have commented on VNTV shares. Nomura raised their price objective on Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, August 14th. 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. Stifel Nicolaus lowered their price objective on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. BidaskClub downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $73.00 in a report on Monday, July 17th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Vantiv presently has an average rating of “Buy” and an average target price of $75.09.

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.

Want to see what other hedge funds are holding VNTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vantiv, Inc. (NYSE:VNTV).

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.