Ardevora Asset Management LLP Cuts Stake in Vantiv, Inc. (VNTV)
Ardevora Asset Management LLP trimmed its position in Vantiv, Inc. (NYSE:VNTV) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,100 shares of the business services provider’s stock after selling 47,900 shares during the quarter. Ardevora Asset Management LLP owned 0.23% of Vantiv worth $28,618,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VNTV. Toronto Dominion Bank grew its stake in Vantiv by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,981 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Vantiv by 404.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,740 shares during the last quarter. S&CO Inc. acquired a new position in shares of Vantiv during the 3rd quarter worth about $222,000. Great Lakes Advisors LLC lifted 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 purchasing an additional 47 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in Vantiv during the second quarter valued at about $204,000. Institutional investors own 89.15% of the company’s stock.
Vantiv, Inc. (NYSE:VNTV) traded up $0.43 during midday trading on Wednesday, reaching $69.82. The company had a trading volume of 2,331,200 shares, compared to its average volume of 1,911,685. The company has a market cap of $12,334.63, a price-to-earnings ratio of 23.28, a PEG ratio of 1.54 and a beta of 0.56. Vantiv, Inc. has a 1-year low of $54.38 and a 1-year high of $73.14. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72.
Vantiv (NYSE:VNTV) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Vantiv had a return on equity of 41.19% and a net margin of 6.07%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $551.77 million. During the same period in the prior year, the company earned $0.71 EPS. Vantiv’s revenue for the quarter was up 13.1% on a year-over-year basis. research analysts anticipate that Vantiv, Inc. will post 3.15 earnings per share for the current year.
Several equities analysts recently issued reports on the company. Bank of America Corporation assumed coverage on Vantiv in a research note on Tuesday, September 12th. They set a “neutral” rating on the stock. Piper Jaffray Companies restated a “hold” rating and set a $77.00 price target on shares of Vantiv in a research note on Thursday, August 24th. Citigroup Inc. restated a “buy” rating and set a $83.00 price target on shares of Vantiv in a research note on Monday, September 25th. Oppenheimer Holdings, Inc. boosted their price target on Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Finally, BidaskClub upgraded Vantiv from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Twelve investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.60.
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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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