Charles Drucker Sells 3,800 Shares of Vantiv Inc. (VNTV) Stock
Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 3,800 shares of the stock in a transaction on Thursday, September 29th. The shares were 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 directly owns 555,515 shares of the company’s stock, valued at $31,664,355. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Vantiv Inc. (NYSE:VNTV) opened at 56.46 on Tuesday. 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 PE ratio of 46.85 and a beta of 0.59. The company’s 50 day moving average price is $54.19 and its 200-day moving average price is $54.70.
Vantiv (NYSE:VNTV) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company earned $891 million during the quarter, compared to analysts’ expectations of $465.66 million. Vantiv had a return on equity of 36.56% and a net margin of 5.67%. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. Analysts expect that Vantiv Inc. will post $2.66 earnings per share for the current year.
VNTV has been the subject of a number of analyst reports. Piper Jaffray Cos. reissued a “hold” rating on shares of Vantiv in a research report on Thursday, June 23rd. Zacks Investment Research lowered Vantiv from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Barclays PLC reaffirmed a “buy” rating on shares of Vantiv in a research report on Saturday, July 9th. Pacific Crest reaffirmed an “overweight” rating and set a $62.00 target price on shares of Vantiv in a research report on Monday, July 11th. Finally, Knight Equity reaffirmed a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.75.
A number of hedge funds have recently bought and sold shares of VNTV. Menta Capital LLC purchased a new stake in Vantiv during the first quarter worth approximately $318,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Vantiv during the first quarter worth approximately $303,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Vantiv during the first quarter worth approximately $3,293,000. JPMorgan Chase & Co. boosted its stake 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 last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake 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 worth $11,332,000 after buying an additional 12,820 shares during the last quarter. Institutional investors own 80.57% 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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