Oribel Capital Management LP acquired a new position in Vantiv, Inc. (NYSE:VNTV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 141,000 shares of the business services provider’s stock, valued at approximately $9,937,000. Vantiv accounts for 2.0% of Oribel Capital Management LP’s portfolio, making the stock its 14th biggest holding. Oribel Capital Management LP owned 0.08% of Vantiv as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Third Point LLC acquired a new stake in Vantiv during the third quarter valued at $193,792,000. Flossbach Von Storch AG acquired a new stake in Vantiv during the third quarter valued at $148,023,000. JPMorgan Chase & Co. grew its position in Vantiv by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock valued at $697,053,000 after buying an additional 1,988,656 shares during the period. American Century Companies Inc. grew its position in Vantiv by 177.3% during the third quarter. American Century Companies Inc. now owns 2,604,728 shares of the business services provider’s stock valued at $183,555,000 after buying an additional 1,665,292 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Vantiv by 192.8% during the third quarter. Bank of New York Mellon Corp now owns 1,711,243 shares of the business services provider’s stock valued at $120,592,000 after buying an additional 1,126,840 shares during the period.
Shares of Vantiv, Inc. (VNTV) traded up $0.94 during mid-day trading on Friday, reaching $72.86. 1,957,000 shares of the company’s stock were exchanged, compared to its average volume of 1,987,533. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv, Inc. has a one year low of $56.64 and a one year high of $76.22. The stock has a market capitalization of $12,784.35, a P/E ratio of 24.13, a PEG ratio of 1.60 and a beta of 0.58.
Vantiv (NYSE:VNTV) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Vantiv’s quarterly revenue was up 13.1% compared to the same quarter last year. analysts anticipate that Vantiv, Inc. will post 3.16 earnings per share for the current fiscal year.
Several research firms have issued reports on VNTV. KeyCorp reaffirmed a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Vantiv in a report on Monday. Deutsche Bank increased their price objective on shares of Vantiv to $82.00 and gave the company a “buy” rating in a report on Monday. Wedbush raised shares of Vantiv from a “neutral” rating to an “outperform” rating in a report on Friday, December 1st. Buckingham Research raised shares of Vantiv from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday. Finally, Bank of America began coverage on shares of Vantiv in a report on Tuesday, September 12th. They set a “neutral” rating on the stock. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Vantiv has an average rating of “Buy” and an average target price of $77.12.
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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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