Vantiv Inc(NYSE:VNTV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $480.48M. Analysts estimated a revenue of $465.66M. Earnings per share were $0.70. Analysts had estimated an EPS of $0.68.
In a different note, On Jul 19, 2016, Morgan Stanley said it Maintains its rating on Vantiv Inc. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Overweight’ by the firm.
Vantiv Inc (VNTV) made into the market gainers list on Thursdays trading session with the shares advancing 1.75% or 0.94 points. Due to strong positive momentum, the stock ended at $54.8, which is also near the day’s high of $55.2519. The stock began the session at $53.79 and the volume stood at 23,51,489 shares. The 52-week high of the shares is $59.62 and the 52 week low is $38.2. The company has a current market capitalization of $10,495 M and it has 19,15,23,600 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Matt Taylor (Grp Pres, IntPmt&Emrging Chnls) sold 162,576 shares at $59.05 per share price.Also, On Jun 6, 2016, Nelson F Greene (Chf Legal & Corp Svcs Officer) sold 5,434 shares at $53.94 per share price.On Apr 12, 2016, Christopher A Thompson (SVP, Controller and CAO) sold 4,000 shares at $54.71 per share price, according to the Form-4 filing with the securities and exchange commission.
Vantiv Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary Vantiv Holding LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing including authorization and settlement customer service chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing payment network processing fraud protection card production prepaid program management automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts such as business cards home equity lines of credit and health savings accounts.