Vantiv, Inc. (NYSE:VNTV) Position Lowered by Pioneer Investment Management Inc.
Pioneer Investment Management Inc. lowered its position in shares of Vantiv, Inc. (NYSE:VNTV) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 192,788 shares of the business services provider’s stock after selling 755 shares during the period. Pioneer Investment Management Inc.’s holdings in Vantiv were worth $12,211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNTV. HighTower Advisors LLC purchased a new position in Vantiv during the first quarter worth approximately $230,000. NN Investment Partners Holdings N.V. raised its position in Vantiv by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock worth $4,219,000 after buying an additional 599 shares during the period. Bank of Montreal Can raised its position 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 during the period. Origin Asset Management LLP purchased a new position in Vantiv during the first quarter worth approximately $8,374,000. Finally, Teachers Advisors LLC raised its position in Vantiv by 1.8% in the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock worth $26,449,000 after buying an additional 7,224 shares during the period. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Shares of Vantiv, Inc. (VNTV) opened at 70.03 on Friday. The company has a market capitalization of $11.29 billion, a P/E ratio of 59.20 and a beta of 0.61. The firm has a 50-day moving average of $63.84 and a 200 day moving average of $63.50. Vantiv, Inc. has a 1-year low of $52.50 and a 1-year high of $70.15.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data 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 net margin of 5.58% and a return on equity of 33.54%. The business had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same period last year, the company posted $0.70 EPS. The business’s revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that Vantiv, Inc. will post $3.33 EPS for the current year.
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A number of research analysts have recently commented on VNTV shares. KeyCorp lowered shares of Vantiv to a “hold” rating in a research report on Monday, June 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a research report on Tuesday, May 30th. Stifel Nicolaus cut their target price on shares of Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, May 30th. Finally, BidaskClub lowered shares of Vantiv from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Vantiv presently has an average rating of “Buy” and an average target price of $69.87.
In other Vantiv news, insider Matt Taylor sold 11,622 shares of Vantiv stock in a transaction on Friday, June 9th. The shares were 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 of the company’s stock, valued at approximately $4,057,944.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company’s stock.
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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