Forward Management LLC Purchases 655 Shares of Vantiv, Inc. (VNTV)
Forward Management LLC boosted its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 9.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,241 shares of the business services provider’s stock after buying an additional 655 shares during the period. Forward Management LLC’s holdings in Vantiv were worth $458,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of VNTV. Trexquant Investment LP purchased a new position in Vantiv during the second quarter valued at about $364,000. Global X Management Co. LLC boosted its position in Vantiv by 17.0% in the second quarter. Global X Management Co. LLC now owns 5,481 shares of the business services provider’s stock valued at $347,000 after buying an additional 798 shares in the last quarter. HL Financial Services LLC purchased a new position in Vantiv during the second quarter valued at about $221,000. TD Asset Management Inc. boosted its position in Vantiv by 3.8% in the second quarter. TD Asset Management Inc. now owns 212,939 shares of the business services provider’s stock valued at $13,488,000 after buying an additional 7,704 shares in the last quarter. Finally, Shaker Investments LLC OH boosted its position in Vantiv by 0.7% in the second quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock valued at $727,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.
Vantiv, Inc. (VNTV) opened at 70.03 on Friday. Vantiv, Inc. has a 12-month low of $52.50 and a 12-month high of $70.15. The company has a market cap of $11.29 billion, a PE ratio of 59.20 and a beta of 0.61. The stock’s 50 day moving average price is $63.84 and its 200 day moving average price is $63.50.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. Equities research analysts anticipate that Vantiv, Inc. will post $3.33 EPS for the current year.
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Several research firms recently issued reports on VNTV. Citigroup Inc. raised their price target on Vantiv from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $80.00 price target (up previously from $72.00) on shares of Vantiv in a report on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $72.00 price target (up previously from $67.00) on shares of Vantiv in a report on Thursday. Craig Hallum set a $80.00 price target on Vantiv and gave the company a “buy” rating in a report on Thursday. Finally, BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.87.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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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