Cubist Systematic Strategies LLC Has $814,000 Holdings in Vantiv, Inc. (VNTV)
Cubist Systematic Strategies LLC boosted its position in shares of Vantiv, Inc. (NYSE:VNTV) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,846 shares of the business services provider’s stock after purchasing an additional 804 shares during the period. Cubist Systematic Strategies LLC’s holdings in Vantiv were worth $814,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of VNTV. Beacon Investment Advisory Services Inc. purchased a new position in Vantiv during the second quarter worth about $204,000. Great Lakes Advisors LLC raised its stake in Vantiv by 1.5% during the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares during the period. Profund Advisors LLC purchased a new position in Vantiv during the second quarter worth about $204,000. Bridgewater Associates LP purchased a new position in Vantiv during the second quarter worth about $211,000. Finally, Court Place Advisors LLC purchased a new position in Vantiv during the second quarter worth about $213,000. 80.03% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 target price (up from $67.00) on shares of Vantiv in a research note on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $77.00 target price on shares of Vantiv in a research note on Thursday, August 24th. BidaskClub downgraded shares of Vantiv from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Stifel Nicolaus raised shares of Vantiv from a “hold” rating to a “buy” rating and lifted their target price for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $78.00 target price on shares of Vantiv in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.68.
Vantiv, Inc. (VNTV) opened at 69.81 on Tuesday. Vantiv, Inc. has a one year low of $54.38 and a one year high of $73.14. The firm has a market cap of $11.26 billion, a PE ratio of 59.01 and a beta of 0.61. The company has a 50 day moving average of $71.27 and a 200-day moving average of $65.83.
Vantiv (NYSE:VNTV) last posted 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. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. During the same quarter last year, the firm posted $0.70 earnings per share. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current year.
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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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