Insider Selling: Vantiv Insider Sells 10,649 Shares of Stock (VNTV)
Vantiv (NYSE:VNTV) Insider Royal Cole unloaded 10,649 shares of the company’s stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.76, for a total value of $348,861.24. Following the completion of the sale, the insider now directly owns 133,885 shares of the company’s stock, valued at approximately $4,386,073. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Vantiv (NYSE:VNTV) traded down 0.40% during mid-day trading on Wednesday, hitting $32.60. The stock had a trading volume of 860,919 shares. Vantiv has a one year low of $25.21 and a one year high of $34.42. The stock’s 50-day moving average is $30.89 and its 200-day moving average is $30.90. The company has a market cap of $4.506 billion and a P/E ratio of 37.32.
Vantiv (NYSE:VNTV) last announced its earnings results on Wednesday, April 30th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 $1.87 earnings per share for the current fiscal year.
A number of research firms have recently commented on VNTV. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Vantiv in a research note on Monday. They now have a $36.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, 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. Three research 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 stock. Vantiv presently has an average rating of “Buy” and a consensus price target of $32.94.
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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