Short Interest in Vantiv, Inc. (VNTV) Increases By 88.8%

Vantiv, Inc. (NYSE:VNTV) was the recipient of a significant growth in short interest during the month of July. As of July 14th, there was short interest totalling 4,630,982 shares, a growth of 88.8% from the June 30th total of 2,453,037 shares. Based on an average daily trading volume, of 3,424,567 shares, the short-interest ratio is currently 1.4 days. Approximately 2.9% of the company’s stock are short sold.

In related news, insider Matt Taylor sold 11,622 shares of the 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 transaction, the insider now owns 64,269 shares in the company, valued at $4,057,944.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNTV. Toronto Dominion Bank increased its position in Vantiv by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock worth $125,000 after buying an additional 217 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Vantiv during the second quarter valued at about $309,000. WINTON GROUP Ltd boosted its position in Vantiv by 37.3% in the second quarter. WINTON GROUP Ltd now owns 4,947 shares of the business services provider’s stock valued at $313,000 after buying an additional 1,345 shares during the period. Public Employees Retirement System of Ohio boosted its position in Vantiv by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 109,940 shares of the business services provider’s stock valued at $6,964,000 after buying an additional 746 shares during the period. Finally, Colony Group LLC boosted its position in Vantiv by 0.6% in the second quarter. Colony Group LLC now owns 41,164 shares of the business services provider’s stock valued at $2,607,000 after buying an additional 239 shares during the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.

Shares of Vantiv (VNTV) opened at 72.28 on Friday. The stock’s 50 day moving average price is $65.12 and its 200-day moving average price is $63.82. The company has a market capitalization of $11.66 billion, a P/E ratio of 61.10 and a beta of 0.61. Vantiv has a 52-week low of $52.50 and a 52-week high of $72.59.

Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $525.12 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Vantiv will post $3.35 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised Vantiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reaffirmed a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. raised their target price on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday. BidaskClub raised Vantiv from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Zacks Investment Research cut Vantiv from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Vantiv has an average rating of “Buy” and a consensus target price of $72.04.

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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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