Bridgewater Associates LP Takes $211,000 Position in Vantiv, Inc. (VNTV)
Bridgewater Associates LP acquired a new stake in Vantiv, Inc. (NYSE:VNTV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,327 shares of the business services provider’s stock, valued at approximately $211,000.
Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. grew its holdings in Vantiv by 15.4% during the first quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after acquiring an additional 600 shares during the period. ProShare Advisors LLC grew its holdings in Vantiv by 13.9% during the first quarter. ProShare Advisors LLC now owns 3,908 shares of the business services provider’s stock worth $251,000 after acquiring an additional 476 shares during the period. World Asset Management Inc grew its holdings in Vantiv by 29.2% during the first quarter. World Asset Management Inc now owns 7,112 shares of the business services provider’s stock worth $456,000 after acquiring an additional 1,608 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Vantiv by 9.2% during the first quarter. UBS Asset Management Americas Inc. now owns 427,976 shares of the business services provider’s stock worth $27,442,000 after acquiring an additional 36,158 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Vantiv during the first quarter worth about $1,095,000. 80.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vantiv, Inc. (NYSE:VNTV) opened at 72.21 on Tuesday. Vantiv, Inc. has a one year low of $53.79 and a one year high of $73.14. The stock has a market capitalization of $11.65 billion, a P/E ratio of 61.04 and a beta of 0.59. The firm’s 50-day moving average price is $69.94 and its 200-day moving average price is $64.88.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $530.00 million during 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 firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. Equities research analysts anticipate that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
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Several analysts recently commented on the company. Bank of America Corporation assumed coverage on Vantiv in a report on Tuesday, September 12th. They set a “neutral” rating on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $77.00 target price on shares of Vantiv in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. raised their target price on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. BidaskClub raised Vantiv from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, September 5th. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $75.09.
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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