Vantiv Inc. (VNTV) CEO Sells $2,435,491.98 in Stock
Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 42,683 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $57.06, for a total transaction of $2,435,491.98. Following the transaction, the chief executive officer now owns 523,664 shares of the company’s stock, valued at approximately $29,880,267.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Charles Drucker also recently made the following trade(s):
- On Thursday, September 29th, Charles Drucker sold 3,800 shares of Vantiv stock. The stock was 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 12-month low of $42.01 and a 12-month high of $59.62. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 46.87 and a beta of 0.59. The company has a 50-day moving average of $54.56 and a 200 day moving average of $54.79.
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Vantiv (NYSE:VNTV) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The firm had revenue of $891 million for the quarter, compared to analysts’ expectations of $465.66 million. During the same period in the previous year, the business earned $0.56 earnings per share. Vantiv’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Vantiv Inc. will post $2.66 earnings per share for the current year.
VNTV has been the subject of a number of analyst reports. Knight Equity restated a “buy” rating on shares of Vantiv in a research report on Sunday, July 24th. Nomura reiterated a “buy” rating and issued a $63.00 price target (up previously from $62.00) on shares of Vantiv in a report on Tuesday, August 2nd. Barclays PLC reiterated a “buy” rating on shares of Vantiv in a report on Saturday, July 9th. Jefferies Group reiterated a “buy” rating and issued a $65.00 price target on shares of Vantiv in a report on Tuesday, September 13th. Finally, Pacific Crest set a $62.00 price target on shares of Vantiv and gave the company a “buy” rating in a report on Thursday, September 15th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.93.
A number of large investors have recently modified their holdings of VNTV. CIBC Asset Management Inc boosted its stake in shares of Vantiv by 0.9% in the second quarter. CIBC Asset Management Inc now owns 6,953 shares of the company’s stock valued at $394,000 after buying an additional 62 shares during the period. Pacific Global Investment Management CO boosted its position in shares of Vantiv by 0.3% in the first quarter. Pacific Global Investment Management CO now owns 24,875 shares of the company’s stock worth $1,340,000 after buying an additional 80 shares in the last quarter. Genesee Valley Trust Co. boosted its position in shares of Vantiv by 2.1% in the second quarter. Genesee Valley Trust Co. now owns 10,561 shares of the company’s stock worth $598,000 after buying an additional 217 shares in the last quarter. Intrust Bank NA boosted its position in shares of Vantiv by 5.0% in the second quarter. Intrust Bank NA now owns 5,118 shares of the company’s stock worth $290,000 after buying an additional 243 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its position in shares of Vantiv by 1.5% in the second quarter. Capital Insight Partners LLC now owns 19,250 shares of the company’s stock worth $1,090,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.
Vantiv Company Profile
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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