Vantiv, Inc. (NYSE:VNTV) Shares Sold by ClariVest Asset Management LLC
ClariVest Asset Management LLC cut its position in Vantiv, Inc. (NYSE:VNTV) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 552,026 shares of the business services provider’s stock after selling 18,068 shares during the period. ClariVest Asset Management LLC’s holdings in Vantiv were worth $34,966,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of VNTV. Toronto Dominion Bank increased its position in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after buying an additional 408 shares during the period. IFP Advisors Inc increased its position in Vantiv by 123.0% in the first quarter. IFP Advisors Inc now owns 1,922 shares of the business services provider’s stock worth $123,000 after buying an additional 1,060 shares during the period. Pacer Advisors Inc. increased its position in Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock worth $205,000 after buying an additional 1,739 shares during the period. Court Place Advisors LLC purchased a new position in Vantiv during the second quarter worth approximately $213,000. Finally, HL Financial Services LLC purchased a new position in Vantiv during the second quarter worth approximately $221,000. 84.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vantiv, Inc. (VNTV) opened at 70.03 on Friday. The firm’s 50-day moving average price is $63.84 and its 200 day moving average price is $63.50. The stock has a market capitalization of $11.29 billion, a P/E ratio of 59.20 and a beta of 0.61. Vantiv, Inc. has a 12-month low of $52.50 and a 12-month high of $70.15.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the 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 business had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same quarter in the previous year, the firm earned $0.70 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Analysts predict that Vantiv, Inc. will post $3.33 EPS for the current fiscal year.
A number of research firms have recently commented on VNTV. Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $85.00 in a report on Thursday. Piper Jaffray Companies restated a “hold” rating and issued a $64.00 price objective on shares of Vantiv in a report on Thursday. Craig Hallum set a $80.00 price objective on Vantiv and gave the stock a “buy” rating in a report on Thursday. BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Citigroup Inc. raised their price objective on Vantiv from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.87.
In related news, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is currently owned by insiders.
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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