Great West Life Assurance Co. Can increased its position in Vantiv, Inc. (NYSE:VNTV) by 19.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,544 shares of the business services provider’s stock after buying an additional 16,832 shares during the period. Great West Life Assurance Co. Can’s holdings in Vantiv were worth $6,550,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Vantiv by 3,456.0% in the first quarter. BlackRock Inc. now owns 10,553,819 shares of the business services provider’s stock worth $676,710,000 after buying an additional 10,257,026 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Vantiv by 1,901.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 790,207 shares of the business services provider’s stock worth $50,668,000 after buying an additional 750,716 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Vantiv by 75.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,452,693 shares of the business services provider’s stock worth $93,147,000 after buying an additional 623,624 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vantiv by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,827,557 shares of the business services provider’s stock worth $822,504,000 after buying an additional 570,194 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Vantiv by 231.8% in the first quarter. Systematic Financial Management LP now owns 475,401 shares of the business services provider’s stock worth $30,483,000 after buying an additional 332,137 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Shares of Vantiv, Inc. (NYSE:VNTV) opened at 70.03 on Friday. The company has a 50 day moving average price of $63.84 and a 200 day moving average price of $63.50. Vantiv, Inc. has a 12-month low of $52.50 and a 12-month high of $70.15. The firm has a market cap of $11.29 billion, a PE ratio of 59.20 and a beta of 0.61.

Vantiv (NYSE:VNTV) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $525.12 million. During the same quarter in the prior year, the company earned $0.70 EPS. Vantiv’s revenue was up 10.3% on a year-over-year basis. On average, analysts forecast that Vantiv, Inc. will post $3.33 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Vantiv from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus lowered their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. KeyCorp downgraded Vantiv to a “hold” rating in a research report on Monday, June 12th. Finally, Cowen and Company reiterated an “outperform” rating and set a $69.00 price target on shares of Vantiv in a research report on Wednesday, June 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.87.

In related news, insider Matt Taylor sold 11,622 shares of the company’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 value of $733,813.08. Following the sale, the insider now owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.27% of the stock is currently 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.

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Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

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