Vantiv Inc. (VNTV) CEO Charles Drucker Sells 4,635 Shares
Vantiv Inc. (NYSE:VNTV) CEO Charles Drucker sold 4,635 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $57.03, for a total value of $264,334.05. Following the sale, the chief executive officer now directly owns 507,797 shares in the company, valued at $28,959,662.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Charles Drucker also recently made the following trade(s):
- On Thursday, October 6th, Charles Drucker sold 42,683 shares of Vantiv stock. The stock was sold at an average price of $57.06, for a total value of $2,435,491.98.
- 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 value of $216,600.00.
Shares of Vantiv Inc. (NYSE:VNTV) traded up 0.41% during trading on Wednesday, reaching $56.23. 887,219 shares of the company were exchanged. Vantiv Inc. has a 1-year low of $42.01 and a 1-year high of $59.62. The stock has a market capitalization of $8.75 billion, a P/E ratio of 46.66 and a beta of 0.59. The firm has a 50-day moving average price of $54.79 and a 200-day moving average price of $54.86.
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Vantiv (NYSE:VNTV) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The business earned $891 million during the quarter, compared to the consensus estimate of $465.66 million. Vantiv had a net margin of 5.67% and a return on equity of 36.56%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. Equities research analysts predict that Vantiv Inc. will post $2.66 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on VNTV. Zacks Investment Research raised Vantiv from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, October 6th. Pacific Crest set a $62.00 target price on Vantiv and gave the stock a “buy” rating in a report on Thursday, September 15th. Jefferies Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Vantiv in a report on Tuesday, September 13th. Wedbush began coverage on Vantiv in a report on Thursday, September 8th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Susquehanna raised Vantiv from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Thursday, August 25th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $56.93.
Several hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. increased its stake in shares of Vantiv by 1,878.0% in the second quarter. Capital Fund Management S.A. now owns 187,314 shares of the company’s stock worth $10,602,000 after buying an additional 177,844 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Vantiv during the first quarter worth about $26,940,000. Prudential Financial Inc. increased its stake in shares of Vantiv by 1.2% in the first quarter. Prudential Financial Inc. now owns 54,850 shares of the company’s stock worth $2,955,000 after buying an additional 630 shares in the last quarter. Strs Ohio increased its stake in shares of Vantiv by 0.6% in the second quarter. Strs Ohio now owns 842,613 shares of the company’s stock worth $47,691,000 after buying an additional 5,044 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Vantiv by 1.9% in the first quarter. Geode Capital Management LLC now owns 925,027 shares of the company’s stock worth $49,812,000 after buying an additional 16,999 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
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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