Vantiv, Inc. (VNTV) Sees Large Increase in Short Interest
Vantiv, Inc. (NYSE:VNTV) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 20,051,580 shares, an increase of 30.5% from the August 15th total of 15,370,021 shares. Based on an average daily volume of 2,502,980 shares, the short-interest ratio is presently 8.0 days. Currently, 12.4% of the company’s shares are sold short.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Vantiv by 3.8% in the second quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock worth $843,706,000 after purchasing an additional 492,711 shares during the period. BlackRock Inc. grew its stake in Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after purchasing an additional 10,257,026 shares during the period. William Blair Investment Management LLC grew its stake in 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 worth $369,959,000 after purchasing an additional 171,224 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Vantiv by 5.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,404,876 shares of the business services provider’s stock worth $279,005,000 after purchasing an additional 235,112 shares during the period. Finally, Investec Asset Management LTD grew its stake in Vantiv by 3.6% in the second quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock worth $230,893,000 after purchasing an additional 128,308 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.
VNTV has been the topic of several analyst reports. Nomura upped their target price on Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods set a $82.00 target price on Vantiv and gave the company a “buy” rating in a report on Sunday, August 13th. Stifel Nicolaus reduced their target price on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, July 6th. BidaskClub cut 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 upped their target price for the company from $66.00 to $73.00 in a report on Monday, July 17th. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Vantiv has an average rating of “Buy” and a consensus target price of $75.09.
Vantiv (VNTV) opened at 71.90 on Thursday. The stock’s 50 day moving average price is $70.18 and its 200-day moving average price is $64.92. Vantiv has a 12 month low of $54.22 and a 12 month high of $73.14. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 60.78 and a beta of 0.59.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities analysts anticipate that Vantiv will post $3.35 EPS for the current fiscal year.
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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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