Vantiv, Inc. (VNTV) Stake Reduced by William Blair Investment Management LLC
William Blair Investment Management LLC decreased its stake in Vantiv, Inc. (NYSE:VNTV) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,598,565 shares of the company’s stock after selling 82,626 shares during the period. Vantiv comprises about 1.3% of William Blair Investment Management LLC’s holdings, making the stock its 5th largest position. William Blair Investment Management LLC owned 3.49% of Vantiv worth $333,786,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Citizens Financial Group Inc RI boosted its stake in shares of Vantiv by 110.8% in the third quarter. Citizens Financial Group Inc RI now owns 3,151 shares of the company’s stock valued at $177,000 after buying an additional 1,656 shares during the period. Robecosam AG boosted its stake in shares of Vantiv by 36.0% in the third quarter. Robecosam AG now owns 3,400 shares of the company’s stock valued at $190,000 after buying an additional 900 shares during the period. Global X Management Co. LLC boosted its stake in shares of Vantiv by 75.3% in the third quarter. Global X Management Co. LLC now owns 3,456 shares of the company’s stock valued at $194,000 after buying an additional 1,484 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Vantiv during the third quarter valued at approximately $203,000. Finally, Invictus RG boosted its stake in shares of Vantiv by 4,421.4% in the second quarter. Invictus RG now owns 3,798 shares of the company’s stock valued at $215,000 after buying an additional 3,714 shares during the period. 81.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vantiv, Inc. (NYSE:VNTV) traded down 0.37% on Thursday, reaching $64.54. 568,992 shares of the company were exchanged. The company’s 50 day moving average is $62.53 and its 200 day moving average is $57.75. The firm has a market capitalization of $10.35 billion, a PE ratio of 48.89 and a beta of 0.54. Vantiv, Inc. has a 12-month low of $49.44 and a 12-month high of $65.18.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm earned $955 million during the quarter, compared to analysts’ expectations of $852 million. Vantiv had a net margin of 5.96% and a return on equity of 34.93%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Analysts forecast that Vantiv, Inc. will post $3.20 earnings per share for the current year.
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Several equities research analysts have commented on VNTV shares. Craig Hallum started coverage on shares of Vantiv in a research report on Friday, January 6th. They set a “buy” rating on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $74.00 target price on shares of Vantiv in a report on Wednesday, February 1st. Instinet reaffirmed a “buy” rating and issued a $72.00 target price on shares of Vantiv in a report on Monday, February 6th. Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, November 1st. Finally, Barclays PLC upped their target price on shares of Vantiv from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Vantiv presently has an average rating of “Buy” and a consensus price target of $61.42.
In other news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $58.90, for a total transaction of $684,535.80. Following the completion of the transaction, the insider now directly owns 49,786 shares in the company, valued at $2,932,395.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Third Bancorp Fifth sold 4,801,432 shares of Vantiv stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $59.02, for a total transaction of $283,380,516.64. The disclosure for this sale can be found here. Insiders have sold 4,823,220 shares of company stock valued at $284,705,111 over the last quarter. Corporate insiders own 1.32% of the company’s stock.
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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