Insider Selling: William J. Weingart Sells 3,000 Shares of Vantiv Stock (VNTV)
Vantiv (NYSE:VNTV) Insider William J. Weingart unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $32.40, for a total transaction of $97,200.00. Following the sale, the insider now directly owns 131,142 shares of the company’s stock, valued at approximately $4,249,001. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Vantiv (NYSE:VNTV) traded down 0.37% during mid-day trading on Tuesday, hitting $32.26. 1,584,575 shares of the company’s stock traded hands. Vantiv has a 1-year low of $25.21 and a 1-year high of $34.42. The stock has a 50-day moving average of $30.42 and a 200-day moving average of $30.8. The company has a market cap of $4.459 billion and a P/E ratio of 36.92.
Vantiv (NYSE:VNTV) last released its earnings data on Wednesday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $288.50 million for the quarter, compared to the consensus estimate of $289.40 million. On average, analysts predict that Vantiv will post $1.84 earnings per share for the current fiscal year.
A number of research firms have recently commented on VNTV. Analysts at Wells Fargo & Co. upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 29th. Separately, analysts at Evercore Partners raised their price target on shares of Vantiv from $3.00 to $40.00 in a research note on Thursday, May 22nd. Finally, analysts at Susquehanna initiated coverage on shares of Vantiv in a research note on Thursday, May 8th. They set a $23.00 price target on the stock. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.28.
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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