Traders sold shares of Visa (NYSE:V) on strength during trading on Tuesday. $121.68 million flowed into the stock on the tick-up and $156.43 million flowed out of the stock on the tick-down, for a money net flow of $34.75 million out of the stock. Of all companies tracked, Visa had the 33rd highest net out-flow for the day. Visa traded up $0.05 for the day and closed at $130.71
V has been the subject of a number of research reports. UBS initiated coverage on shares of Visa in a research note on Friday, May 18th. They set a “neutral” rating and a $141.00 target price for the company. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Buckingham Research boosted their target price on shares of Visa from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Morgan Stanley boosted their target price on shares of Visa from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Finally, Argus boosted their target price on shares of Visa from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 27th. Four research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $137.53.
The firm has a market capitalization of $267.16 billion, a price-to-earnings ratio of 37.90, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last issued its earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.82 billion. Visa had a net margin of 48.18% and a return on equity of 33.90%. Visa’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. equities analysts predict that Visa will post 4.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, May 17th. Visa’s dividend payout ratio is currently 24.14%.
Visa declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, SVP James H. Hoffmeister sold 8,423 shares of the company’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $127.67, for a total value of $1,075,364.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Ryan Mcinerney sold 38,500 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $131.33, for a total transaction of $5,056,205.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roble Belko & Company Inc lifted its holdings in shares of Visa by 220.8% in the 4th quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock valued at $100,000 after acquiring an additional 605 shares during the last quarter. Earnest Partners LLC bought a new position in shares of Visa in the 4th quarter valued at about $100,000. Welch Investments LLC bought a new position in shares of Visa in the 3rd quarter valued at about $101,000. AlphaOne Investment Services LLC bought a new position in shares of Visa in the 4th quarter valued at about $108,000. Finally, Fusion Family Wealth LLC lifted its holdings in shares of Visa by 138.8% in the 4th quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock valued at $109,000 after acquiring an additional 555 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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