Traders Sell Visa Inc. (V) on Strength (V)

Traders sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Thursday. $130.78 million flowed into the stock on the tick-up and $185.93 million flowed out of the stock on the tick-down, for a money net flow of $55.15 million out of the stock. Of all stocks tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.31 for the day and closed at $109.80

Several analysts have issued reports on the company. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $113.35 target price for the company. in a report on Wednesday. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Thursday. Morgan Stanley upped their target price on Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets upped their target price on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday. Finally, SunTrust Banks, Inc. upped their target price on Visa from $110.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $115.95.

The company’s 50-day moving average price is $106.44 and its 200-day moving average price is $98.96. The firm has a market cap of $250.84 billion, a price-to-earnings ratio of 40.80 and a beta of 0.93.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. Analysts forecast that Visa Inc. will post $3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a $0.195 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, November 16th. Visa’s payout ratio is currently 23.57%.

In related news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Visa during the second quarter valued at approximately $958,000. Cordasco Financial Network bought a new position in shares of Visa during the third quarter valued at approximately $105,000. Mercer Capital Advisers Inc. grew its holdings in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares during the last quarter. Motco grew its holdings in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after purchasing an additional 236 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Visa during the second quarter valued at approximately $123,000. 81.69% of the stock is owned by institutional investors.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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