Vantiv, Inc. (VNTV) Stake Raised by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp raised its position in Vantiv, Inc. (NYSE:VNTV) by 45.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 457,115 shares of the business services provider’s stock after buying an additional 142,686 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.28% of Vantiv worth $28,954,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of Vantiv during the first quarter worth about $230,000. NN Investment Partners Holdings N.V. increased its stake in shares of Vantiv by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock worth $4,219,000 after buying an additional 599 shares during the period. Teachers Advisors LLC increased its stake in shares of Vantiv by 1.8% in the first quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock worth $26,449,000 after buying an additional 7,224 shares during the period. Bank of Montreal Can increased its stake in shares of Vantiv by 207.2% in the first quarter. Bank of Montreal Can now owns 64,023 shares of the business services provider’s stock worth $4,105,000 after buying an additional 43,185 shares during the period. Finally, Origin Asset Management LLP acquired a new stake in shares of Vantiv during the first quarter worth about $8,374,000. Institutional investors own 80.51% of the company’s stock.
Shares of Vantiv, Inc. (VNTV) opened at 70.81 on Friday. The company has a market capitalization of $11.42 billion, a PE ratio of 59.86 and a beta of 0.59. The company has a 50 day moving average price of $67.63 and a 200 day moving average price of $64.41. Vantiv, Inc. has a 1-year low of $52.50 and a 1-year high of $72.68.
Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $530 million for 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%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. Equities analysts predict that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
VNTV has been the topic of a number of research reports. KeyCorp downgraded Vantiv to a “hold” rating in a research report on Monday, June 12th. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Deutsche Bank AG restated a “buy” rating and set a $72.00 price target (up previously from $67.00) on shares of Vantiv in a research report on Thursday, August 10th. Stifel Nicolaus lowered their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded 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. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $74.50.
In related news, insider Matt Taylor sold 11,622 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $63.14, for a total value of $733,813.08. Following the sale, the insider now directly owns 64,269 shares of the company’s stock, valued at approximately $4,057,944.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.27% of the stock is currently owned by corporate 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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