American Century Companies Inc. Lowers Position in Vantiv, Inc. (VNTV)
American Century Companies Inc. lowered its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 32.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 939,436 shares of the business services provider’s stock after selling 457,548 shares during the period. American Century Companies Inc. owned about 0.58% of Vantiv worth $59,504,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of VNTV. Toronto Dominion Bank boosted its stake in Vantiv by 30.1% in the first quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock valued at $113,000 after buying an additional 408 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of 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 in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Vantiv during the first quarter worth approximately $203,000. Beacon Investment Advisory Services Inc. bought a new stake in shares of Vantiv during the second quarter worth approximately $204,000. Finally, Pacer Advisors Inc. boosted its stake 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 worth $205,000 after buying an additional 1,739 shares in the last quarter. 80.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vantiv, Inc. (NYSE VNTV) opened at 71.25 on Wednesday. The firm’s 50-day moving average is $66.45 and its 200-day moving average is $64.15. Vantiv, Inc. has a 52 week low of $52.50 and a 52 week high of $72.68. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 60.23 and a beta of 0.61.
Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million during the quarter, compared to analysts’ expectations of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. Vantiv’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. Analysts forecast that Vantiv, Inc. will post $3.35 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on VNTV. Piper Jaffray Companies reissued a “hold” rating and issued a $77.00 price target on shares of Vantiv in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. boosted their price target on Vantiv from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. BidaskClub raised Vantiv from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Instinet reissued a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Finally, Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Tuesday, August 15th. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Vantiv currently has a consensus rating of “Buy” and an average target price of $74.08.
In related news, insider Matt Taylor sold 11,622 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the sale, the insider now owns 64,269 shares in the company, valued at approximately $4,057,944.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.27% of the stock is owned by corporate 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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