Visa Inc. (NYSE:V) Short Interest Update

Visa Inc. (NYSE:V) was the target of a large drop in short interest during the month of September. As of September 29th, there was short interest totalling 30,098,798 shares, a drop of 11.8% from the September 15th total of 34,135,283 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 7,264,067 shares, the short-interest ratio is currently 4.1 days.

Visa (NYSE V) opened at 109.71 on Friday. Visa has a 12-month low of $75.17 and a 12-month high of $110.61. The company’s 50-day moving average is $106.11 and its 200 day moving average is $98.73. The stock has a market capitalization of $250.84 billion, a PE ratio of 40.80 and a beta of 0.93.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that Visa will post $3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a dividend of $0.195 per share. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s dividend payout ratio (DPR) is 23.57%.

In other news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Large investors have recently made changes to their positions in the company. Wallington Asset Management LLC lifted its position in shares of Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after buying an additional 2,090 shares in the last quarter. Carret Asset Management LLC lifted its position in shares of Visa by 4.5% during the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after buying an additional 1,153 shares in the last quarter. Cypress Asset Management Inc. TX lifted its position in shares of Visa by 31.1% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after buying an additional 3,495 shares in the last quarter. DE Burlo Group Inc. lifted its position in shares of Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after buying an additional 57,600 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of Visa by 158.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 273,806 shares of the credit-card processor’s stock valued at $25,804,000 after buying an additional 167,687 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.

V has been the topic of a number of research analyst reports. Deutsche Bank AG raised their target price on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Cantor Fitzgerald restated a “buy” rating and issued a $120.00 target price on shares of Visa in a research report on Wednesday. UBS AG restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $115.95.

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Visa Company Profile

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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