Diamond Hill Capital Management Inc. Trims Holdings in Vantiv, Inc. (VNTV)
Diamond Hill Capital Management Inc. trimmed its position in shares of Vantiv, Inc. (NYSE:VNTV) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,388,786 shares of the business services provider’s stock after selling 16,090 shares during the period. Vantiv accounts for approximately 1.6% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 18th largest holding. Diamond Hill Capital Management Inc. owned 2.72% of Vantiv worth $309,278,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNTV. Vanguard Group Inc. boosted its holdings in shares of Vantiv by 3.8% in the second quarter. Vanguard Group Inc. now owns 13,320,268 shares of the business services provider’s stock worth $843,706,000 after acquiring an additional 492,711 shares during the period. Investec Asset Management LTD boosted its holdings in shares of Vantiv by 3.6% in the second quarter. Investec Asset Management LTD now owns 3,645,303 shares of the business services provider’s stock worth $230,893,000 after acquiring an additional 128,308 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Vantiv by 2.2% in the second quarter. Artisan Partners Limited Partnership now owns 3,248,249 shares of the business services provider’s stock worth $205,744,000 after acquiring an additional 69,377 shares during the period. State Street Corp boosted its holdings in shares of Vantiv by 3.3% in the second quarter. State Street Corp now owns 3,025,591 shares of the business services provider’s stock worth $191,639,000 after acquiring an additional 97,659 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Vantiv by 86.1% in the second quarter. Voya Investment Management LLC now owns 2,385,622 shares of the business services provider’s stock worth $151,105,000 after acquiring an additional 1,103,406 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.
Vantiv, Inc. (NYSE:VNTV) traded up 0.35% during midday trading on Friday, reaching $69.35. The company’s stock had a trading volume of 2,348,600 shares. The firm has a market cap of $11.18 billion, a P/E ratio of 58.62 and a beta of 0.61. Vantiv, Inc. has a one year low of $54.38 and a one year high of $73.14. The firm has a 50 day moving average price of $71.00 and a 200 day moving average price of $65.99.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 EPS for the quarter, beating the 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 business had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
VNTV has been the subject of a number of analyst reports. Mizuho initiated coverage on Vantiv in a report on Tuesday, June 27th. They issued a “neutral” rating and a $65.00 price target for the company. Cowen and Company reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Vantiv in a report on Wednesday, June 28th. Stifel Nicolaus cut their price target on Vantiv from $66.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, July 6th. Barclays PLC reaffirmed a “hold” rating and issued a $71.00 price target on shares of Vantiv in a report on Thursday, July 6th. Finally, KeyCorp raised Vantiv from a “sector weight” rating to an “overweight” rating and set a $70.00 price target for the company in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Vantiv presently has a consensus rating of “Buy” and a consensus price target of $75.68.
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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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