Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 3,800 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $57.00, for a total value of $216,600.00. Following the completion of the sale, the chief executive officer now owns 555,515 shares of the company’s stock, valued at approximately $31,664,355. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vantiv Inc. (NYSE:VNTV) opened at 56.46 on Tuesday. The stock has a 50 day moving average price of $54.19 and a 200 day moving average price of $54.70. Vantiv Inc. has a one year low of $42.01 and a one year high of $59.62. The stock has a market capitalization of $8.79 billion, a P/E ratio of 46.85 and a beta of 0.59.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Vantiv had a return on equity of 36.56% and a net margin of 5.67%. The firm earned $891 million during the quarter, compared to analyst estimates of $465.66 million. During the same quarter in the previous year, the business earned $0.56 EPS. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts forecast that Vantiv Inc. will post $2.66 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Aperio Group LLC raised its stake in Vantiv by 47.7% in the first quarter. Aperio Group LLC now owns 14,746 shares of the company’s stock valued at $795,000 after buying an additional 4,762 shares during the period. Teachers Advisors Inc. raised its stake in Vantiv by 6.2% in the first quarter. Teachers Advisors Inc. now owns 533,829 shares of the company’s stock valued at $28,763,000 after buying an additional 31,249 shares during the period. Prudential Financial Inc. raised its stake in Vantiv by 1.2% in the first quarter. Prudential Financial Inc. now owns 54,850 shares of the company’s stock valued at $2,955,000 after buying an additional 630 shares during the period. Franklin Resources Inc. raised its stake in Vantiv by 9.3% in the first quarter. Franklin Resources Inc. now owns 1,083,380 shares of the company’s stock valued at $58,373,000 after buying an additional 92,300 shares during the period. Finally, BlackRock Inc. raised its stake in Vantiv by 17.6% in the first quarter. BlackRock Inc. now owns 152,281 shares of the company’s stock valued at $8,205,000 after buying an additional 22,782 shares during the period. Institutional investors own 80.57% of the company’s stock.
A number of brokerages have commented on VNTV. Zacks Investment Research cut Vantiv from a “hold” rating to a “sell” rating in a research report on Saturday, July 9th. Piper Jaffray Cos. restated a “hold” rating on shares of Vantiv in a research report on Thursday, June 23rd. Jefferies Group restated a “buy” rating and issued a $65.00 price target on shares of Vantiv in a research report on Tuesday, September 13th. Barclays PLC cut Vantiv from an “overweight” rating to an “equal weight” rating and set a $60.00 price target for the company. in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods upped their price target on Vantiv from $59.00 to $62.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.75.
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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