Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 42,683 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $57.06, for a total transaction of $2,435,491.98. Following the sale, the chief executive officer now owns 523,664 shares of the company’s stock, valued at $29,880,267.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Charles Drucker also recently made the following trade(s):
- On Thursday, September 29th, Charles Drucker sold 3,800 shares of Vantiv stock. The stock was sold at an average price of $57.00, for a total transaction of $216,600.00.
Shares of Vantiv Inc. (NYSE:VNTV) opened at 56.48 on Friday. The firm’s 50 day moving average is $54.56 and its 200-day moving average is $54.79. The firm has a market capitalization of $8.79 billion, a PE ratio of 46.87 and a beta of 0.59. Vantiv Inc. has a one year low of $42.01 and a one year high of $59.62.
Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, beating the 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 company had revenue of $891 million for the quarter, compared to the consensus estimate of $465.66 million. During the same quarter last year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Vantiv Inc. will post $2.66 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. M&T Bank Corp increased its position in shares of Vantiv by 13.7% in the first quarter. M&T Bank Corp now owns 15,511 shares of the company’s stock valued at $835,000 after buying an additional 1,866 shares during the period. Menta Capital LLC bought a new position in shares of Vantiv during the first quarter valued at approximately $318,000. C M Bidwell & Associates Ltd. bought a new position in shares of Vantiv during the first quarter valued at approximately $303,000. NN Investment Partners Holdings N.V. bought a new position in shares of Vantiv during the first quarter valued at approximately $3,293,000. Finally, BlackRock Japan Co. Ltd increased its position in shares of Vantiv by 6.5% in the first quarter. BlackRock Japan Co. Ltd now owns 210,327 shares of the company’s stock valued at $11,332,000 after buying an additional 12,820 shares during the period. Institutional investors own 80.57% of the company’s stock.
Several research firms have issued reports on VNTV. Knight Equity reiterated a “buy” rating on shares of Vantiv in a research note on Sunday, July 24th. Pacific Crest restated an “overweight” rating and issued a $62.00 target price on shares of Vantiv in a research note on Monday, July 11th. Zacks Investment Research downgraded shares of Vantiv from a “hold” rating to a “sell” rating in a research note on Saturday, July 9th. Barclays PLC restated a “buy” rating on shares of Vantiv in a research note on Saturday, July 9th. Finally, Wedbush started coverage on shares of Vantiv in a research note on Thursday, September 8th. They issued a “neutral” rating and a $60.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Vantiv currently has an average rating of “Buy” and a consensus target price of $56.93.
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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