RS Investment Management Co. LLC boosted its stake in Vantiv Inc. (NYSE:VNTV) by 38.5% during the second quarter, Holdings Channel reports. The institutional investor owned 617,055 shares of the company’s stock after buying an additional 171,412 shares during the period. RS Investment Management Co. LLC’s holdings in Vantiv were worth $34,925,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNTV. JPMorgan Chase & Co. raised its position in shares of Vantiv by 63.0% in the first quarter. JPMorgan Chase & Co. now owns 9,975,466 shares of the company’s stock worth $537,479,000 after buying an additional 3,857,008 shares during the period. Norges Bank bought a new position in shares of Vantiv during the fourth quarter worth approximately $53,742,000. Lazard Asset Management LLC raised its position in shares of Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock worth $61,661,000 after buying an additional 560,355 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Vantiv during the first quarter worth approximately $26,940,000. Finally, Credit Agricole S A raised its position in shares of Vantiv by 480.5% in the first quarter. Credit Agricole S A now owns 529,274 shares of the company’s stock worth $28,518,000 after buying an additional 438,099 shares during the period. Institutional investors own 80.57% of the company’s stock.
Vantiv Inc. (NYSE:VNTV) traded up 0.23% during midday trading on Thursday, hitting $55.51. 1,577,646 shares of the stock traded hands. The stock’s 50-day moving average price is $53.96 and its 200 day moving average price is $54.43. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 46.07 and a beta of 0.60. Vantiv Inc. has a 52 week low of $42.01 and a 52 week high of $59.62.
Vantiv (NYSE:VNTV) last posted its earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm earned $891 million during the quarter, compared to the consensus estimate of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. On average, equities research analysts predict that Vantiv Inc. will post $2.66 EPS for the current year.
A number of research analysts have issued reports on the stock. Knight Equity restated a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Susquehanna upgraded shares of Vantiv from a “negative” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $36.00 in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of Vantiv from a “hold” rating to a “sell” rating in a research report on Saturday, July 9th. Keefe, Bruyette & Woods increased their target price on shares of Vantiv from $59.00 to $62.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vantiv from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.54.
In related news, SVP Christopher A. Thompson sold 2,188 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $53.89, for a total transaction of $117,911.32. Following the completion of the transaction, the senior vice president now owns 12,488 shares of the company’s stock, valued at $672,978.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Mark L. Heimbouch sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $53.84, for a total transaction of $807,600.00. Following the transaction, the chief operating officer now directly owns 149,153 shares of the company’s stock, valued at approximately $8,030,397.52. The disclosure for this sale can be found here. Corporate insiders own 1.32% of the company’s stock.
Vantiv Company Profile
Vantiv, Inc (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services.
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