Westfield Capital Management Co. LP trimmed its position in shares of Vantiv, Inc. (NYSE:VNTV) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 662,670 shares of the business services provider’s stock after selling 24,440 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.41% of Vantiv worth $41,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Capstone Asset Management Co. lifted its holdings in Vantiv by 15.4% in the 1st quarter. Capstone Asset Management Co. now owns 4,489 shares of the business services provider’s stock worth $288,000 after purchasing an additional 600 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Vantiv by 13.9% in the 1st quarter. ProShare Advisors LLC now owns 3,908 shares of the business services provider’s stock worth $251,000 after purchasing an additional 476 shares during the last quarter. World Asset Management Inc lifted its holdings in Vantiv by 29.2% in the 1st quarter. World Asset Management Inc now owns 7,112 shares of the business services provider’s stock worth $456,000 after purchasing an additional 1,608 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Vantiv by 9.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 427,976 shares of the business services provider’s stock worth $27,442,000 after purchasing an additional 36,158 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Vantiv in the 1st quarter worth approximately $1,095,000. Institutional investors and hedge funds own 80.47% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/09/17/westfield-capital-management-co-lp-trims-stake-in-vantiv-inc-vntv.html.
Vantiv, Inc. (NYSE:VNTV) traded down 0.10% during mid-day trading on Friday, hitting $72.08. The stock had a trading volume of 1,883,813 shares. Vantiv, Inc. has a one year low of $53.20 and a one year high of $73.14. The stock’s 50 day moving average price is $69.71 and its 200 day moving average price is $64.84. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 60.93 and a beta of 0.59.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Vantiv had a return on equity of 33.54% and a net margin of 5.58%. The company had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $525.12 million. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Analysts forecast that Vantiv, Inc. will post $3.35 EPS for the current year.
VNTV has been the subject of several analyst reports. KeyCorp lowered Vantiv to a “hold” rating in a report on Monday, June 12th. BidaskClub lowered Vantiv from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 target price on shares of Vantiv in a report on Tuesday, May 30th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $72.00 target price (up from $67.00) on shares of Vantiv in a report on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $75.09.
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.
Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.