Neuberger Berman Group LLC Has $31.20 Million Holding in Vantiv Inc (VNTV)

Neuberger Berman Group LLC Has $31.20 Million Holding in Vantiv Inc (VNTV)

Neuberger Berman Group LLC raised its stake in Vantiv Inc (NYSE:VNTV) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,655 shares of the business services provider’s stock after buying an additional 5,774 shares during the period. Neuberger Berman Group LLC’s holdings in Vantiv were worth $31,204,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Robecosam AG increased its stake in shares of Vantiv by 5.9% in the first quarter. Robecosam AG now owns 3,600 shares of the business services provider’s stock valued at $231,000 after buying an additional 200 shares during the period. William Blair Investment Management LLC increased its stake in shares of Vantiv by 3.1% in the first quarter. William Blair Investment Management LLC now owns 5,769,789 shares of the business services provider’s stock valued at $369,959,000 after buying an additional 171,224 shares during the period. Arizona State Retirement System increased its stake in shares of Vantiv by 3.8% in the first quarter. Arizona State Retirement System now owns 10,900 shares of the business services provider’s stock valued at $699,000 after buying an additional 400 shares during the period. Cipher Capital LP increased its stake in shares of Vantiv by 417.1% in the first quarter. Cipher Capital LP now owns 35,500 shares of the business services provider’s stock valued at $2,276,000 after buying an additional 28,635 shares during the period. Finally, Pier Capital LLC increased its stake in shares of Vantiv by 2.0% in the first quarter. Pier Capital LLC now owns 9,018 shares of the business services provider’s stock valued at $578,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 81.05% of the company’s stock.

Shares of Vantiv Inc (VNTV) traded down 0.05% during trading on Friday, hitting $62.07. 1,189,020 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $63.14 and its 200 day moving average is $62.12. The firm has a market capitalization of $9.99 billion, a PE ratio of 50.42 and a beta of 0.54. Vantiv Inc has a 1-year low of $50.52 and a 1-year high of $66.47.

Vantiv (NYSE:VNTV) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $470.09 million. Vantiv had a net margin of 5.96% and a return on equity of 34.93%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Vantiv Inc will post $3.27 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 target price on shares of Vantiv in a research note on Thursday. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday. Royal Bank of Canada reiterated a “buy” rating and set a $73.00 target price on shares of Vantiv in a research note on Tuesday. Atlantic Securities assumed coverage on shares of Vantiv in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $74.00 price objective for the company. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $69.00 price objective on shares of Vantiv in a research report on Tuesday, March 28th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Vantiv currently has a consensus rating of “Buy” and an average price target of $65.56.

In other Vantiv news, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $63.68, for a total value of $955,200.00. Following the completion of the sale, the chief operating officer now directly owns 151,273 shares of the company’s stock, valued at $9,633,064.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Drucker sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $64.98, for a total transaction of $9,747,000.00. Following the completion of the sale, the chief executive officer now directly owns 224,785 shares of the company’s stock, valued at $14,606,529.30. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VNTV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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