Smith Asset Management Group LP lowered its stake in Vantiv, Inc. (NYSE:VNTV) by 14.6% during the second quarter, Holdings Channel reports. The institutional investor owned 543,060 shares of the business services provider’s stock after selling 93,140 shares during the period. Smith Asset Management Group LP’s holdings in Vantiv were worth $34,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in Vantiv by 22.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 95,704 shares of the business services provider’s stock valued at $6,090,000 after buying an additional 17,738 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Vantiv by 0.8% in the second quarter. Wedge Capital Management L L P NC now owns 12,990 shares of the business services provider’s stock valued at $823,000 after buying an additional 98 shares in the last quarter. Arizona State Retirement System boosted its position in Vantiv by 168.9% in the second quarter. Arizona State Retirement System now owns 29,314 shares of the business services provider’s stock valued at $1,857,000 after buying an additional 18,414 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Vantiv by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 546,643 shares of the business services provider’s stock valued at $34,625,000 after buying an additional 49,092 shares in the last quarter. Finally, Forward Management LLC boosted its position in Vantiv by 9.9% in the second quarter. Forward Management LLC now owns 7,241 shares of the business services provider’s stock valued at $458,000 after buying an additional 655 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Shares of Vantiv, Inc. (NYSE:VNTV) opened at 69.30 on Friday. Vantiv, Inc. has a 1-year low of $52.50 and a 1-year high of $70.15. The firm’s 50-day moving average price is $63.61 and its 200 day moving average price is $63.45. The stock has a market capitalization of $11.18 billion, a P/E ratio of 58.58 and a beta of 0.61.

Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 34.40% and a net margin of 5.58%. The company had revenue of $530 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period in the previous year, the firm posted $0.70 earnings per share. Vantiv’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts expect that Vantiv, Inc. will post $3.33 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Smith Asset Management Group LP Has $34.40 Million Stake in Vantiv, Inc. (VNTV)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/smith-asset-management-group-lp-has-34-40-million-stake-in-vantiv-inc-vntv/1474699.html.

Several research analysts have recently issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 price objective (up from $72.00) on shares of Vantiv in a research report on Thursday. Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Vantiv in a research report on Thursday. Craig Hallum set a $80.00 price objective on Vantiv and gave the stock a “buy” rating in a research report on Thursday. BidaskClub raised Vantiv from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $64.00 price objective on shares of Vantiv in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Vantiv currently has an average rating of “Buy” and an average target price of $69.68.

In other Vantiv news, insider Matt Taylor sold 11,622 shares of Vantiv 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 completion of the transaction, the insider now directly owns 64,269 shares in the company, valued at $4,057,944.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.27% of the company’s stock.

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.

Want to see what other hedge funds are holding VNTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vantiv, Inc. (NYSE:VNTV).

Institutional Ownership by Quarter for Vantiv (NYSE:VNTV)

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.