Vantiv CFO Sells $373,450 in Stock (VNTV)
Vantiv (NYSE:VNTV) CFO Mark Heimbouch sold 13,750 shares of the company’s stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $27.16, for a total transaction of $373,450.00. Following the sale, the chief financial officer now directly owns 372,574 shares of the company’s stock, valued at approximately $10,119,110. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
VNTV has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “buy” rating on shares of Vantiv in a research note to investors on Wednesday, September 18th. They now have a $27.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Vantiv from $33.00 to $38.00 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.84.
Shares of Vantiv (NYSE:VNTV) traded down 1.91% during mid-day trading on Wednesday, hitting $26.15. The stock had a trading volume of 1,253,077 shares. Vantiv has a 52 week low of $18.85 and a 52 week high of $28.70. The stock has a 50-day moving average of $27.11 and a 200-day moving average of $25.99. The company has a market cap of $3.580 billion and a price-to-earnings ratio of 32.32.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $296.90 million for the quarter, compared to the consensus estimate of $299.63 million. During the same quarter last year, the company posted $0.32 earnings per share. Vantiv’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that Vantiv will post $1.58 earnings per share for the current fiscal year.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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