Vantiv, Inc. (NYSE:VNTV) Shares Sold by Janus Capital Management LLC
Janus Capital Management LLC lowered its position in shares of Vantiv, Inc. (NYSE:VNTV) by 36.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,980 shares of the business services provider’s stock after selling 203,700 shares during the period. Janus Capital Management LLC owned 0.22% of Vantiv worth $22,633,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in VNTV. Comerica Bank bought a new stake in shares of Vantiv during the fourth quarter valued at about $476,000. Two Sigma Investments LP bought a new stake in shares of Vantiv during the fourth quarter valued at about $714,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock valued at $110,000 after buying an additional 68 shares in the last quarter. Norges Bank acquired a new position in shares of Vantiv during the fourth quarter valued at $92,157,000. Finally, Security Asset Management boosted its position in shares of Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock valued at $1,429,000 after buying an additional 121 shares in the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.
Shares of Vantiv, Inc. (VNTV) traded up 0.09% during midday trading on Thursday, hitting $64.04. 2,578,161 shares of the stock were exchanged. The firm has a 50-day moving average price of $62.81 and a 200 day moving average price of $63.31. The firm has a market cap of $10.41 billion, a PE ratio of 51.65 and a beta of 0.61. Vantiv, Inc. has a 12-month low of $52.50 and a 12-month high of $66.24.
Several brokerages have recently commented on VNTV. Wedbush restated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Vantiv in a research report on Tuesday, June 6th. Stifel Nicolaus restated a “hold” rating and set a $66.00 price objective on shares of Vantiv in a research report on Thursday, June 1st. KeyCorp downgraded shares of Vantiv to a “hold” rating in a report on Monday, June 12th. Zacks Investment Research downgraded shares of Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Vantiv in a research note on Monday, July 24th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $67.79.
In related news, insider Matt Taylor sold 11,622 shares of Vantiv 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 transaction, the insider now directly owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by company insiders.
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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