Vantiv, Inc. (VNTV) Shares Sold by Rafferty Asset Management LLC
Rafferty Asset Management LLC decreased its position in Vantiv, Inc. (NYSE:VNTV) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,811 shares of the business services provider’s stock after selling 4,283 shares during the quarter. Rafferty Asset Management LLC’s holdings in Vantiv were worth $1,508,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in VNTV. WINTON GROUP Ltd acquired a new stake in shares of Vantiv in the first quarter valued at $203,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Vantiv in the second quarter valued at $204,000. Great Lakes Advisors LLC lifted its holdings in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock valued at $204,000 after buying an additional 47 shares during the period. Profund Advisors LLC acquired a new stake in shares of Vantiv in the second quarter valued at $204,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Vantiv by 119.4% in the first quarter. Pacer Advisors Inc. now owns 3,196 shares of the business services provider’s stock valued at $205,000 after buying an additional 1,739 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.
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Several analysts have recently weighed in on VNTV shares. Zacks Investment Research upgraded Vantiv from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, May 30th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price objective on shares of Vantiv in a report on Tuesday, May 30th. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $73.00 in a report on Monday, July 17th. BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their price objective for the company from $63.00 to $85.00 in a report on Thursday, August 10th. Nine equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $75.09.
Vantiv, Inc. (NYSE VNTV) opened at 71.93 on Friday. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 60.80 and a beta of 0.59. Vantiv, Inc. has a 52-week low of $54.22 and a 52-week high of $73.14. The company’s 50-day moving average price is $70.18 and its 200 day moving average price is $64.92.
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 the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $530.00 million for the quarter, compared to the consensus estimate of $525.12 million. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. Equities analysts predict that Vantiv, Inc. will post $3.35 earnings per share for the current fiscal year.
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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