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.

ILLEGAL ACTIVITY WARNING: “Zions Bancorporation Buys New Stake in Vantiv, Inc. (VNTV)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/12/14/zions-bancorporation-buys-new-stake-in-vantiv-inc-vntv.html.

About Vantiv

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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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