United Services Automobile Association reduced its position in Vantiv, Inc. (NYSE:VNTV) by 47.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,263 shares of the business services provider’s stock after selling 84,764 shares during the period. United Services Automobile Association owned about 0.06% of Vantiv worth $6,108,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of VNTV. Scotia Capital Inc. increased its stake in Vantiv by 0.6% in the fourth quarter. Scotia Capital Inc. now owns 4,192 shares of the business services provider’s stock worth $250,000 after buying an additional 25 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Vantiv by 3.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,791 shares of the business services provider’s stock worth $110,000 after buying an additional 68 shares in the last quarter. Shepherd Financial Partners LLC boosted its position in Vantiv by 0.9% in the first quarter. Shepherd Financial Partners LLC now owns 8,872 shares of the business services provider’s stock worth $549,000 after buying an additional 83 shares in the last quarter. Telemus Capital LLC boosted its position in Vantiv by 0.8% in the first quarter. Telemus Capital LLC now owns 12,092 shares of the business services provider’s stock worth $775,000 after buying an additional 92 shares in the last quarter. Finally, Security Asset Management boosted its position in Vantiv by 0.5% in the fourth quarter. Security Asset Management now owns 23,974 shares of the business services provider’s stock worth $1,429,000 after buying an additional 121 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.
Shares of Vantiv, Inc. (NYSE:VNTV) traded down 1.08% during trading on Tuesday, hitting $60.48. 764,169 shares of the company were exchanged. The company’s 50-day moving average price is $62.47 and its 200 day moving average price is $62.54. The stock has a market cap of $9.73 billion, a P/E ratio of 49.13 and a beta of 0.62. Vantiv, Inc. has a 12 month low of $50.98 and a 12 month high of $66.24.
Vantiv (NYSE:VNTV) last released its earnings results on Wednesday, April 26th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Vantiv had a net margin of 5.49% and a return on equity of 34.17%. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $470.09 million. During the same period in the previous year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts predict that Vantiv, Inc. will post $3.27 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on VNTV. Wedbush reissued a “neutral” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Stifel Nicolaus reiterated a “hold” rating and set a $66.00 price objective on shares of Vantiv in a report on Thursday, June 1st. KeyCorp lowered Vantiv to a “hold” rating in a research note on Monday, June 12th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $73.00 price target on shares of Vantiv in a research report on Tuesday, May 30th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Vantiv presently has a consensus rating of “Hold” and a consensus target price of $66.24.
In related news, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $63.68, for a total transaction of $955,200.00. Following the transaction, the chief operating officer now directly owns 151,273 shares of the company’s stock, valued at $9,633,064.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matt Taylor sold 11,622 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $63.14, for a total transaction of $733,813.08. Following the completion of the sale, the insider now directly owns 64,269 shares of the company’s stock, valued at $4,057,944.66. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
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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