Vantiv, Inc. (VNTV) Shares Sold by Monetary Management Group Inc.
Monetary Management Group Inc. reduced its position in Vantiv, Inc. (NYSE:VNTV) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,990 shares of the business services provider’s stock after selling 40 shares during the period. Vantiv accounts for about 1.5% of Monetary Management Group Inc.’s investment portfolio, making the stock its 21st biggest position. Monetary Management Group Inc.’s holdings in Vantiv were worth $3,610,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of VNTV. Beacon Investment Advisory Services Inc. purchased a new stake in shares of Vantiv in the second quarter worth about $204,000. Great Lakes Advisors LLC lifted its position in shares of Vantiv by 1.5% in the second quarter. Great Lakes Advisors LLC now owns 3,218 shares of the business services provider’s stock worth $204,000 after buying an additional 47 shares in the last quarter. Profund Advisors LLC purchased a new stake in shares of Vantiv in the second quarter worth about $204,000. Pacer Advisors Inc. lifted its position 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. Finally, Bridgewater Associates LP purchased a new stake in shares of Vantiv in the second quarter worth about $211,000. Institutional investors own 80.16% of the company’s stock.
A number of brokerages have issued reports on VNTV. Zacks Investment Research upgraded Vantiv from a “sell” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Saturday, July 22nd. BidaskClub upgraded Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Guggenheim upgraded Vantiv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $73.00 in a research report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price objective on shares of Vantiv in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus upgraded Vantiv from a “hold” rating to a “buy” rating and upped their price objective for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. Vantiv has an average rating of “Buy” and an average price target of $75.58.
Shares of Vantiv, Inc. (NYSE VNTV) traded down 0.51% on Thursday, reaching $70.65. The company had a trading volume of 811,895 shares. The stock has a market capitalization of $11.39 billion, a P/E ratio of 59.72 and a beta of 0.61. The company’s 50 day moving average price is $71.55 and its 200-day moving average price is $65.46. Vantiv, Inc. has a 1-year low of $54.38 and a 1-year high of $73.14.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $530.00 million for the quarter, compared to analyst estimates of $525.12 million. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Equities analysts predict that Vantiv, Inc. will post $3.35 EPS for the current year.
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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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