Engineers Gate Manager LP Has $1.81 Million Stake in Vantiv, Inc. (VNTV)

Engineers Gate Manager LP grew its stake in Vantiv, Inc. (NYSE:VNTV) by 482.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,622 shares of the business services provider’s stock after purchasing an additional 21,224 shares during the period. Engineers Gate Manager LP’s holdings in Vantiv were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in VNTV. Envestnet Asset Management Inc. boosted its holdings in shares of Vantiv by 19.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 38,373 shares of the business services provider’s stock worth $2,703,000 after acquiring an additional 6,200 shares in the last quarter. Grisanti Capital Management LLC boosted its holdings in shares of Vantiv by 32.7% in the 3rd quarter. Grisanti Capital Management LLC now owns 124,340 shares of the business services provider’s stock worth $8,762,000 after acquiring an additional 30,645 shares in the last quarter. Nicholas Investment Partners LP boosted its holdings in shares of Vantiv by 34.8% in the 3rd quarter. Nicholas Investment Partners LP now owns 62,578 shares of the business services provider’s stock worth $4,410,000 after acquiring an additional 16,161 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Vantiv by 18.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 782,091 shares of the business services provider’s stock worth $55,114,000 after acquiring an additional 119,421 shares in the last quarter. Finally, Strategic Global Advisors LLC boosted its holdings in shares of Vantiv by 22.5% in the 3rd quarter. Strategic Global Advisors LLC now owns 20,803 shares of the business services provider’s stock worth $1,466,000 after acquiring an additional 3,816 shares in the last quarter.

Vantiv, Inc. (NYSE VNTV) traded up $1.90 during mid-day trading on Friday, hitting $74.76. The stock had a trading volume of 3,526,154 shares, compared to its average volume of 2,713,518. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $13,289.19, a P/E ratio of 25.09, a P/E/G ratio of 1.66 and a beta of 0.58. Vantiv, Inc. has a one year low of $56.64 and a one year high of $76.22.

Vantiv (NYSE:VNTV) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $551.77 million. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. analysts predict that Vantiv, Inc. will post 3.16 EPS for the current year.

Several research analysts have recently commented on VNTV shares. Royal Bank Of Canada reissued a “buy” rating and issued a $78.00 target price on shares of Vantiv in a report on Friday, October 13th. BidaskClub downgraded Vantiv from a “sell” rating to a “strong sell” rating in a report on Friday, October 20th. Nomura reduced their target price on Vantiv from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Berenberg Bank began coverage on Vantiv in a report on Thursday, November 16th. They issued a “buy” rating and a $85.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $77.12.

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Vantiv Company Profile

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)

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