Crow Point Partners LLC raised its position in Vantiv, Inc. (NYSE:VNTV) by 477.7% during the second quarter, Holdings Channel reports. The institutional investor owned 9,527 shares of the business services provider’s stock after buying an additional 7,878 shares during the period. Crow Point Partners LLC’s holdings in Vantiv were worth $601,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. V Wealth Management LLC acquired a new stake in Vantiv during the second quarter worth $280,000. Ardevora Asset Management LLP increased its stake in Vantiv by 11.3% in the second quarter. Ardevora Asset Management LLP now owns 454,000 shares of the business services provider’s stock worth $28,756,000 after buying an additional 46,100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Vantiv by 5.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,208 shares of the business services provider’s stock worth $1,407,000 after buying an additional 1,100 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Vantiv by 3.5% in the second quarter. Winslow Evans & Crocker Inc. now owns 71,016 shares of the business services provider’s stock worth $4,500,000 after buying an additional 2,386 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Vantiv by 519.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 26,593 shares of the business services provider’s stock worth $1,684,000 after buying an additional 22,297 shares in the last quarter. Hedge funds and other institutional investors own 83.70% of the company’s stock.
Vantiv, Inc. (VNTV) traded down 2.55% during trading on Monday, hitting $63.53. The stock had a trading volume of 6,264,269 shares. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 51.61 and a beta of 0.61. Vantiv, Inc. has a 52 week low of $52.45 and a 52 week high of $66.24. The company has a 50-day moving average of $62.17 and a 200 day moving average of $62.75. Vantiv also saw unusually large options trading on Friday. Stock investors purchased 7,583 call options on the company. This represents an increase of 1,680% compared to the average daily volume of 426 call options.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Vantiv had a return on equity of 34.17% and a net margin of 5.49%. The company had revenue of $470.10 million during the quarter, compared to the consensus estimate of $470.09 million. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vantiv, Inc. will post $3.27 EPS for the current year.
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A number of equities research analysts have weighed in on the stock. Guggenheim upgraded shares of Vantiv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $73.00 in a research note on Monday. KeyCorp upgraded shares of Vantiv from a “sector weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday. Barclays PLC reiterated a “hold” rating and set a $71.00 price target on shares of Vantiv in a research note on Thursday, July 6th. Stifel Nicolaus decreased their price target on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Vantiv from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Vantiv currently has a consensus rating of “Buy” and a consensus price target of $67.14.
In related news, insider Matt Taylor sold 11,622 shares of the firm’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 transaction of $733,813.08. Following the completion of the sale, the insider now owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.27% of the stock is owned by company insiders.
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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