Traders Buy Large Volume of Vantiv Put Options (VNTV)
Vantiv, Inc. (NYSE:VNTV) saw some unusual options trading activity on Monday. Investors bought 482 put options on the stock. This represents an increase of approximately 677% compared to the average volume of 62 put options.
Large investors have recently modified their holdings of the stock. GAM Holding AG boosted its holdings in Vantiv by 41.6% during the second quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock worth $1,303,000 after buying an additional 6,045 shares in the last quarter. Strs Ohio boosted its holdings in Vantiv by 46.6% during the third quarter. Strs Ohio now owns 1,212,560 shares of the business services provider’s stock worth $85,449,000 after buying an additional 385,704 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Vantiv during the second quarter worth approximately $51,274,000. State Board of Administration of Florida Retirement System boosted its holdings in Vantiv by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock worth $12,637,000 after buying an additional 1,178 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Vantiv during the second quarter worth approximately $7,589,000.
VNTV has been the topic of several analyst reports. Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $85.00 in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $73.00 price target on shares of Vantiv in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Vantiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, August 15th. Instinet restated a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Vantiv in a research note on Monday, August 14th. Finally, Nomura raised their price target on shares of Vantiv from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Vantiv has an average rating of “Buy” and an average target price of $76.54.
Vantiv (NYSE:VNTV) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. research analysts expect that Vantiv will post 3.16 EPS for the current fiscal year.
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Vantiv Company Profile
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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