Insider Selling: Vantiv Director Unloads 6,000 Shares of Stock (VNTV)
Vantiv (NYSE:VNTV) Director Jeffrey E. Stiefler unloaded 6,000 shares of Vantiv stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $31.96, for a total value of $191,760.00. Following the completion of the sale, the director now directly owns 107,523 shares of the company’s stock, valued at approximately $3,436,435. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Vantiv (NYSE:VNTV) traded down 0.25% on Wednesday, hitting $31.70. 615,555 shares of the company’s stock traded hands. Vantiv has a one year low of $25.21 and a one year high of $34.90. The stock’s 50-day moving average is $33.10 and its 200-day moving average is $31.63. The company has a market cap of $4.452 billion and a P/E ratio of 43.90.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.47. The company had revenue of $331.30 million for the quarter, compared to the consensus estimate of $322.80 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that Vantiv will post $1.89 EPS for the current fiscal year.
VNTV has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vantiv in a research note on Wednesday, August 13th. They now have a $42.00 price target on the stock, up previously from $37.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Vantiv in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $34.00. Finally, analysts at Nomura raised their price target on shares of Vantiv from $37.50 to $39.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.78.
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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