Genesee Valley Trust Co. Acquires 217 Shares of Vantiv Inc. (VNTV)
Genesee Valley Trust Co. boosted its stake in Vantiv Inc. (NYSE:VNTV) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,561 shares of the company’s stock after buying an additional 217 shares during the period. Genesee Valley Trust Co.’s holdings in Vantiv were worth $598,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Capstone Asset Management Co. purchased a new stake in Vantiv during the second quarter valued at about $216,000. Sigma Planning Corp purchased a new stake in Vantiv during the first quarter valued at about $256,000. Schonfeld Strategic Advisors LLC purchased a new stake in Vantiv during the first quarter valued at about $286,000. C M Bidwell & Associates Ltd. purchased a new stake in Vantiv during the first quarter valued at about $303,000. Finally, Associated Banc Corp purchased a new stake in Vantiv during the first quarter valued at about $304,000. Institutional investors and hedge funds own 80.57% of the company’s stock.
Shares of Vantiv Inc. (NYSE:VNTV) traded up 2.63% on Wednesday, reaching $55.38. 1,696,730 shares of the company were exchanged. Vantiv Inc. has a 52 week low of $42.01 and a 52 week high of $59.62. The company’s 50-day moving average is $53.91 and its 200-day moving average is $54.42. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 45.96 and a beta of 0.60.
Vantiv (NYSE:VNTV) last announced its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The company had revenue of $891 million for the quarter, compared to analysts’ expectations of $465.66 million. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Vantiv Inc. will post $2.66 EPS for the current fiscal year.
Several research firms have recently weighed in on VNTV. Barclays PLC restated a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Nomura restated a “buy” rating and set a $63.00 price objective (up previously from $62.00) on shares of Vantiv in a research report on Tuesday, August 2nd. Pacific Crest restated an “overweight” rating and set a $62.00 price objective on shares of Vantiv in a research report on Monday, July 11th. Zacks Investment Research cut shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Saturday, July 9th. Finally, Piper Jaffray Cos. restated a “hold” rating on shares of Vantiv in a research report on Thursday, June 23rd. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $56.54.
In other news, COO Mark L. Heimbouch sold 15,000 shares of Vantiv stock in a transaction on Monday, August 1st. The stock was sold at an average price of $53.84, for a total transaction of $807,600.00. Following the transaction, the chief operating officer now owns 149,153 shares in the company, valued at approximately $8,030,397.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matt Taylor sold 162,576 shares of Vantiv stock in a transaction on Friday, July 15th. The stock was sold at an average price of $59.05, for a total value of $9,600,112.80. Following the transaction, the insider now owns 70,435 shares in the company, valued at approximately $4,159,186.75. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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