Crow Point Partners LLC boosted its position in Vantiv, Inc. (NYSE:VNTV) by 477.7% during the second quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of VNTV. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in shares of Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock valued at $549,000 after buying an additional 83 shares during the period. Telemus Capital LLC increased its stake in shares of Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock valued at $775,000 after buying an additional 92 shares during the period. Utah Retirement Systems increased its stake in shares of Vantiv by 0.4% in the first quarter. Utah Retirement Systems now owns 28,300 shares of the business services provider’s stock valued at $1,815,000 after buying an additional 100 shares during the period. Finally, Security Asset Management increased its stake in shares of Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 121 shares during the period. 84.49% of the stock is owned by institutional investors.
Shares of Vantiv, Inc. (NYSE VNTV) opened at 70.03 on Friday. The firm’s 50-day moving average price is $63.84 and its 200 day moving average price is $63.50. Vantiv, Inc. has a 52-week low of $52.50 and a 52-week high of $70.15. The company has a market capitalization of $11.29 billion, a PE ratio of 59.20 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data 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. Vantiv had a net margin of 5.58% and a return on equity of 34.40%. The firm had revenue of $530 million for the quarter, compared to analyst estimates of $525.12 million. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts forecast that Vantiv, Inc. will post $3.33 earnings per share for the current year.
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Several analysts have recently commented on VNTV shares. Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $66.00 price target on shares of Vantiv in a research report on Thursday, June 1st. Wedbush reaffirmed a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Finally, KeyCorp downgraded Vantiv to a “hold” rating in a research report on Monday, June 12th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Vantiv currently has a consensus rating of “Buy” and a consensus price target of $69.87.
In related news, insider Matt Taylor sold 11,622 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.27% of the company’s stock.
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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