World Asset Management Inc boosted its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,329 shares of the business services provider’s stock after buying an additional 217 shares during the period. World Asset Management Inc’s holdings in Vantiv were worth $464,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Vantiv by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock valued at $822,504,000 after buying an additional 570,194 shares in the last quarter. BlackRock Inc. increased 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 valued at $676,710,000 after buying an additional 10,257,026 shares in the last quarter. William Blair Investment Management LLC increased 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 valued at $369,959,000 after buying an additional 171,224 shares in the last quarter. Diamond Hill Capital Management Inc. increased 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 valued at $279,005,000 after buying an additional 235,112 shares in the last quarter. Finally, State Street Corp increased its stake in Vantiv by 0.8% in the first quarter. State Street Corp now owns 2,927,932 shares of the business services provider’s stock valued at $187,736,000 after buying an additional 24,429 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Shares of Vantiv, Inc. (NYSE:VNTV) opened at 70.03 on Friday. The firm has a market capitalization of $11.29 billion, a PE ratio of 59.20 and a beta of 0.61. The company has a 50 day moving average price of $63.84 and a 200-day moving average price of $63.50. Vantiv, Inc. has a 12 month low of $52.50 and a 12 month high of $70.15.
Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 34.40% and a net margin of 5.58%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. Equities research analysts expect that Vantiv, Inc. will post $3.33 EPS for the current fiscal year.
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VNTV has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, July 6th. Keefe, Bruyette & Woods upgraded Vantiv from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a report on Thursday, June 22nd. BidaskClub downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $73.00 in a report on Monday, July 17th. Finally, Cowen and Company restated an “outperform” rating and set a $69.00 price target on shares of Vantiv in a report on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.87.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of the company’s 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 completion of the sale, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.27% of the company’s stock.
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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