Sei Investments Co. Sells 22,768 Shares of Vantiv, Inc. (NYSE:VNTV)

Sei Investments Co. cut its position in Vantiv, Inc. (NYSE:VNTV) by 10.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,115 shares of the business services provider’s stock after selling 22,768 shares during the period. Sei Investments Co. owned approximately 0.12% of Vantiv worth $12,041,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Vantiv by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 405,271 shares of the business services provider’s stock worth $24,162,000 after buying an additional 9,567 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Vantiv by 30.9% in the first quarter. Raymond James Trust N.A. now owns 8,559 shares of the business services provider’s stock worth $548,000 after buying an additional 2,022 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Vantiv by 4.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,005 shares of the business services provider’s stock worth $3,206,000 after buying an additional 2,000 shares in the last quarter. National Pension Service boosted its stake in Vantiv by 51,676.2% in the first quarter. National Pension Service now owns 167,237 shares of the business services provider’s stock worth $10,743,000 after buying an additional 166,914 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares in the last quarter. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

Vantiv, Inc. (VNTV) traded up 0.79% on Friday, hitting $72.28. The stock had a trading volume of 3,014,461 shares. Vantiv, Inc. has a 52-week low of $52.50 and a 52-week high of $72.59. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 61.10 and a beta of 0.61. The company has a 50 day moving average price of $65.12 and a 200-day moving average price of $63.82.

Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The firm had revenue of $530 million for the quarter, compared to the consensus estimate of $525.12 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Sei Investments Co. Sells 22,768 Shares of Vantiv, Inc. (NYSE:VNTV)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/19/sei-investments-co-reduces-stake-in-vantiv-inc-nysevntv-updated.html.

VNTV has been the topic of a number of recent research reports. Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price objective on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research report on Thursday, June 1st. Wedbush reaffirmed a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Finally, KeyCorp cut Vantiv to a “hold” rating in a research report on Monday, June 12th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $72.04.

In other news, insider Matt Taylor sold 11,622 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by corporate insiders.

About Vantiv

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.

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

What are top analysts saying about Vantiv Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Vantiv Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit