Investec Asset Management North America Inc. Has $11.47 Million Position in Vantiv, Inc. (VNTV)
Investec Asset Management North America Inc. trimmed its stake in shares of Vantiv, Inc. (NYSE:VNTV) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,031 shares of the business services provider’s stock after selling 469 shares during the quarter. Vantiv accounts for 2.1% of Investec Asset Management North America Inc.’s holdings, making the stock its 21st largest holding. Investec Asset Management North America Inc. owned about 0.11% of Vantiv worth $11,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNTV. Toronto Dominion Bank boosted its position in shares of Vantiv by 30.1% during the 1st quarter. Toronto Dominion Bank now owns 1,764 shares of the business services provider’s stock worth $113,000 after acquiring an additional 408 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Vantiv during the 1st quarter worth about $203,000. Beacon Investment Advisory Services Inc. acquired a new position in shares of Vantiv during the 2nd quarter worth about $204,000. Great Lakes Advisors LLC boosted its position in shares of Vantiv by 1.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after acquiring an additional 47 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in shares of Vantiv during the 2nd quarter worth about $204,000. 80.47% of the stock is owned by hedge funds and other institutional investors.
Vantiv, Inc. (NYSE:VNTV) traded down 0.10% during trading on Friday, reaching $72.08. The company’s stock had a trading volume of 1,883,813 shares. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 60.93 and a beta of 0.59. Vantiv, Inc. has a 52 week low of $53.20 and a 52 week high of $73.14. The firm has a 50 day moving average of $69.71 and a 200 day moving average of $64.84.
Vantiv (NYSE:VNTV) last issued its earnings results on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The firm had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $525.12 million. During the same quarter last year, the company posted $0.70 earnings per share. Vantiv’s revenue was up 10.3% on a year-over-year basis. Analysts expect that Vantiv, Inc. will post $3.35 EPS for the current year.
Several research firms have recently issued reports on VNTV. Stifel Nicolaus raised Vantiv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reissued a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Vantiv in a report on Monday, August 14th. Oppenheimer Holdings, Inc. boosted their target price on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded Vantiv from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Finally, BidaskClub raised Vantiv from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $75.09.
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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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