Capital Fund Management S.A. boosted its position in shares of Vantiv Inc. (NYSE:VNTV) by 1,878.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,314 shares of the company’s stock after buying an additional 177,844 shares during the period. Capital Fund Management S.A.’s holdings in Vantiv were worth $10,602,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VNTV. NN Investment Partners Holdings N.V. bought a new position in Vantiv during the first quarter worth $3,293,000. JPMorgan Chase & Co. boosted its position in Vantiv by 63.0% in the first quarter. JPMorgan Chase & Co. now owns 9,975,466 shares of the company’s stock worth $537,479,000 after buying an additional 3,857,008 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in Vantiv by 6.5% in the first quarter. BlackRock Japan Co. Ltd now owns 210,327 shares of the company’s stock worth $11,332,000 after buying an additional 12,820 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Vantiv by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,079,804 shares of the company’s stock worth $219,820,000 after buying an additional 123,955 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in Vantiv by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,647,988 shares of the company’s stock worth $88,794,000 after buying an additional 6,490 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
Shares of Vantiv Inc. (NYSE:VNTV) traded up 0.20% during trading on Wednesday, reaching $56.30. The company’s stock had a trading volume of 1,264,795 shares. The company has a market capitalization of $8.76 billion, a PE ratio of 46.72 and a beta of 0.60. Vantiv Inc. has a 1-year low of $42.01 and a 1-year high of $59.62. The stock has a 50 day moving average of $54.01 and a 200-day moving average of $54.55.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company earned $891 million during the quarter, compared to the consensus estimate of $465.66 million. Vantiv had a return on equity of 36.56% and a net margin of 5.67%. Vantiv’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. On average, analysts expect that Vantiv Inc. will post $2.66 earnings per share for the current year.
A number of research analysts have recently weighed in on VNTV shares. JPMorgan Chase & Co. lifted their price objective on Vantiv from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Susquehanna raised Vantiv from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $36.00 in a report on Thursday, August 25th. Pacific Crest set a $62.00 price target on Vantiv and gave the stock a “buy” rating in a report on Thursday, September 15th. Nomura reissued a “buy” rating and issued a $63.00 price target (up from $62.00) on shares of Vantiv in a report on Tuesday, August 2nd. Finally, Wedbush initiated coverage on Vantiv in a report on Thursday, September 8th. They issued a “neutral” rating and a $60.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $56.54.
In other news, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $53.84, for a total value of $807,600.00. Following the completion of the sale, the chief operating officer now directly owns 149,153 shares of the company’s stock, valued at approximately $8,030,397.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $53.89, for a total value of $117,911.32. Following the completion of the sale, the senior vice president now directly owns 12,488 shares of the company’s stock, valued at $672,978.32. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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