Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 42,683 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were 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 in the company, valued at approximately $29,880,267.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $57.00, for a total transaction of $216,600.00.
Vantiv Inc. (NYSE:VNTV) opened at 56.48 on Friday. Vantiv Inc. has a one year low of $42.01 and a one year high of $59.62. The company has a 50 day moving average of $54.56 and a 200-day moving average of $54.79. The firm has a market cap of $8.79 billion, a PE ratio of 46.87 and a beta of 0.59.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $891 million for the quarter, compared to analysts’ expectations of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 EPS. On average, equities research analysts predict that Vantiv Inc. will post $2.66 earnings per share for the current year.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Vantiv from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday. Pacific Crest set a $62.00 price objective on shares of Vantiv and gave the company a “buy” rating in a report on Thursday, September 15th. Jefferies Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Vantiv in a report on Tuesday, September 13th. Wedbush assumed coverage on shares of Vantiv in a report on Thursday, September 8th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Susquehanna raised shares of Vantiv from a “negative” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $36.00 in a report on Thursday, August 25th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.93.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNTV. Artisan Partners Limited Partnership raised its position in Vantiv by 79.5% in the second quarter. Artisan Partners Limited Partnership now owns 2,980,178 shares of the company’s stock worth $168,678,000 after buying an additional 1,320,324 shares during the period. PNC Financial Services Group Inc. raised its position in Vantiv by 18,604.2% in the second quarter. PNC Financial Services Group Inc. now owns 1,049,117 shares of the company’s stock worth $59,382,000 after buying an additional 1,043,508 shares during the period. JPMorgan Chase & Co. raised its position in Vantiv by 6.2% in the second quarter. JPMorgan Chase & Co. now owns 10,590,298 shares of the company’s stock worth $599,412,000 after buying an additional 614,832 shares during the period. Lazard Asset Management LLC raised its position in Vantiv by 95.9% in the first quarter. Lazard Asset Management LLC now owns 1,144,430 shares of the company’s stock worth $61,661,000 after buying an additional 560,355 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new position in Vantiv during the first quarter worth about $26,940,000. Institutional investors own 80.57% of the company’s stock.
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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