Vantiv, Inc. (VNTV) Short Interest Up 14.4% in October
Vantiv, Inc. (NYSE:VNTV) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 30,122,919 shares, an increase of 14.4% from the October 13th total of 26,339,028 shares. Approximately 18.6% of the shares of the company are short sold. Based on an average trading volume of 3,409,929 shares, the short-interest ratio is currently 8.8 days.
Several institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC raised its holdings in Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after purchasing an additional 47 shares during the last quarter. Shaker Investments LLC OH raised its holdings in Vantiv by 0.7% during the 2nd quarter. Shaker Investments LLC OH now owns 11,480 shares of the business services provider’s stock worth $727,000 after purchasing an additional 80 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Vantiv by 0.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock worth $823,000 after purchasing an additional 98 shares during the last quarter. Capstone Asset Management Co. raised its holdings in Vantiv by 3.1% during the 2nd quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock worth $293,000 after purchasing an additional 140 shares during the last quarter. Finally, Associated Banc Corp raised its holdings in Vantiv by 1.2% during the 2nd quarter. Associated Banc Corp now owns 17,908 shares of the business services provider’s stock worth $1,134,000 after purchasing an additional 215 shares during the last quarter. 89.15% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on VNTV shares. BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Vantiv from a “sell” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Saturday, July 22nd. William Blair reiterated an “outperform” rating on shares of Vantiv in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $85.00 in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company. Vantiv presently has a consensus rating of “Buy” and a consensus target price of $75.60.
Vantiv (NYSE VNTV) opened at $69.82 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45. Vantiv has a twelve month low of $54.38 and a twelve month high of $73.14. The stock has a market capitalization of $12,320.41, a PE ratio of 23.26, a P/E/G ratio of 1.54 and a beta of 0.56.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. During the same period in the previous year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. research analysts predict that Vantiv will post 3.15 EPS for the current fiscal year.
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Vantiv Company Profile
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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