Zions Bancorporation Buys New Stake in Vantiv, Inc. (VNTV)
Zions Bancorporation bought a new position in Vantiv, Inc. (NYSE:VNTV) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,203 shares of the business services provider’s stock, valued at approximately $155,000.
Other large investors have also modified their holdings of the company. GAM Holding AG grew its holdings 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 acquiring an additional 6,045 shares during the last quarter. Strs Ohio grew its holdings in Vantiv by 46.6% in the 3rd quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock worth $85,449,000 after acquiring an additional 385,704 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Vantiv in the 2nd quarter worth $51,274,000. State Board of Administration of Florida Retirement System grew its holdings in Vantiv by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock worth $12,637,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Vantiv in the 3rd quarter worth $326,000.
Vantiv, Inc. (NYSE:VNTV) traded down $1.20 during trading hours on Thursday, reaching $73.59. 2,459,100 shares of the company traded hands, compared to its average volume of 1,993,823. Vantiv, Inc. has a 1-year low of $57.14 and a 1-year high of $76.22. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $13,294.52, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.66 and a beta of 0.58.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Vantiv’s quarterly revenue was up 13.1% on a year-over-year basis. analysts anticipate that Vantiv, Inc. will post 3.16 earnings per share for the current year.
A number of brokerages have issued reports on VNTV. Jefferies Group raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Thursday. Wells Fargo & Company reissued a “positive” rating and issued a $84.00 price target (up previously from $77.00) on shares of Vantiv in a report on Thursday. Nomura reissued a “buy” rating and issued a $85.00 price target on shares of Vantiv in a report on Friday, September 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 price target on shares of Vantiv in a report on Thursday, September 28th. Finally, Cowen reissued a “buy” rating and issued a $84.00 price target on shares of Vantiv in a report on Thursday, December 7th. Nine investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Vantiv presently has an average rating of “Buy” and a consensus target price of $78.00.
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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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