Vantiv, Inc. (VNTV) Shares Bought by Investec Asset Management LTD
Investec Asset Management LTD increased its holdings in Vantiv, Inc. (NYSE:VNTV) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,645,303 shares of the business services provider’s stock after acquiring an additional 128,308 shares during the quarter. Vantiv comprises approximately 1.1% of Investec Asset Management LTD’s portfolio, making the stock its 29th biggest position. Investec Asset Management LTD owned 2.27% of Vantiv worth $230,893,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in Vantiv during the first quarter valued at $230,000. NN Investment Partners Holdings N.V. lifted its position in Vantiv by 0.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after buying an additional 599 shares during the period. Teachers Advisors LLC lifted its position in Vantiv by 1.8% during the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the period. GAM Holding AG lifted its position in Vantiv by 41.6% during the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after buying an additional 6,045 shares during the period. Finally, Origin Asset Management LLP purchased a new position in Vantiv during the first quarter valued at $8,374,000. 80.47% of the stock is owned by institutional investors.
Vantiv, Inc. (NYSE VNTV) traded down 0.10% on Friday, reaching $72.08. The company had a trading volume of 1,883,813 shares. The stock’s 50 day moving average is $69.71 and its 200-day moving average is $64.84. The stock has a market capitalization of $11.62 billion, a P/E ratio of 60.93 and a beta of 0.59. Vantiv, Inc. has a 1-year low of $53.20 and a 1-year high of $73.14.
Vantiv (NYSE:VNTV) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $530.00 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%. Vantiv’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. On average, equities analysts predict that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
Several equities analysts have commented on VNTV shares. Nomura raised their price objective on Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods set a $82.00 price objective on Vantiv and gave the company a “buy” rating in a research report on Sunday, August 13th. Stifel Nicolaus lowered their price objective on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. BidaskClub downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $73.00 in a report on Monday, July 17th. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Vantiv presently has an average rating of “Buy” and an average target price of $75.09.
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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