Optimum Investment Advisors trimmed its position in shares of Vantiv Inc (NYSE:VNTV) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,419 shares of the business services provider’s stock after selling 1,600 shares during the period. Optimum Investment Advisors’ holdings in Vantiv were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of VNTV. GAM Holding AG grew its position in shares of Vantiv by 41.6% during the 2nd quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock worth $1,303,000 after buying an additional 6,045 shares in the last quarter. Strs Ohio grew its position in shares of Vantiv by 46.6% during the 3rd quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock worth $85,449,000 after buying an additional 385,704 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Vantiv during the 3rd quarter worth $326,000. Renaissance Technologies LLC bought a new position in shares of Vantiv during the 2nd quarter worth $51,274,000. Finally, JPMorgan Chase & Co. grew its position in shares of Vantiv by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,823,200 shares of the business services provider’s stock worth $697,053,000 after buying an additional 1,988,656 shares in the last quarter.
Shares of Vantiv Inc (NYSE:VNTV) traded down $0.28 on Friday, reaching $73.55. The company’s stock had a trading volume of 1,024,064 shares, compared to its average volume of 2,328,986. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72. Vantiv Inc has a one year low of $58.90 and a one year high of $76.22. The firm has a market capitalization of $13,123.87, a price-to-earnings ratio of 50.72, a P/E/G ratio of 1.64 and a beta of 0.58.
VNTV has been the subject of a number of analyst reports. Nomura restated a “buy” rating and set a $85.00 price objective on shares of Vantiv in a research note on Friday, September 29th. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 price objective on shares of Vantiv in a research note on Thursday, September 28th. Citigroup restated a “buy” rating and set a $83.00 price objective on shares of Vantiv in a research note on Monday, September 25th. KeyCorp reiterated a “buy” rating and issued a $80.00 price target on shares of Vantiv in a research note on Friday, September 1st. Finally, BidaskClub cut Vantiv from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $78.52.
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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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