National Pension Service Increases Stake in Vantiv, Inc. (VNTV)
National Pension Service raised its position in Vantiv, Inc. (NYSE:VNTV) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,648 shares of the business services provider’s stock after buying an additional 16,411 shares during the period. National Pension Service’s holdings in Vantiv were worth $11,594,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock worth $110,000 after buying an additional 68 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares during the period. IFP Advisors Inc increased its stake in shares of Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Vantiv during the first quarter worth about $203,000. Finally, Pacer Advisors Inc. increased its stake in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares during the period. Hedge funds and other institutional investors own 83.70% of the company’s stock.
Vantiv, Inc. (NYSE VNTV) opened at 63.47 on Thursday. The stock has a 50 day moving average of $62.39 and a 200 day moving average of $63.16. Vantiv, Inc. has a 1-year low of $52.45 and a 1-year high of $66.24. The stock has a market capitalization of $10.21 billion, a P/E ratio of 51.56 and a beta of 0.61.
Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $470.10 million for the quarter, compared to analyst estimates of $470.09 million. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, analysts expect that Vantiv, Inc. will post $3.27 earnings per share for the current year.
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A number of analysts recently issued reports on VNTV shares. Credit Suisse Group reissued a “buy” rating and set a $69.00 price target on shares of Vantiv in a report on Tuesday, March 28th. Royal Bank Of Canada reissued a “buy” rating and set a $73.00 price target on shares of Vantiv in a report on Tuesday, May 30th. Atlantic Securities started coverage on shares of Vantiv in a report on Wednesday, April 12th. They set an “overweight” rating and a $74.00 price target on the stock. KeyCorp downgraded shares of Vantiv to a “hold” rating in a report on Monday, June 12th. Finally, Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. Vantiv has an average rating of “Buy” and an average price target of $67.14.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares in the company, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
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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