Traders Sell Visa (V) on Strength (V)

Traders sold shares of Visa Inc (NYSE:V) on strength during trading on Thursday. $388.40 million flowed into the stock on the tick-up and $612.05 million flowed out of the stock on the tick-down, for a money net flow of $223.65 million out of the stock. Of all companies tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $2.41 for the day and closed at $141.05

V has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Royal Bank of Canada upped their price objective on Visa to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Robert W. Baird upped their price objective on Visa from $156.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, September 14th. Goldman Sachs Group lowered Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a research note on Monday, September 17th. Finally, Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $156.09.

The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a market cap of $279.64 billion, a PE ratio of 30.60, a P/E/G ratio of 1.51 and a beta of 1.11.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.44 billion. Analysts forecast that Visa Inc will post 5.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 15th. This is an increase from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. Visa’s dividend payout ratio is 21.69%.

In other Visa news, SVP James H. Hoffmeister sold 2,252 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $144.56, for a total transaction of $325,549.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William M. Sheedy sold 13,864 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $144.97, for a total value of $2,009,864.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,395 shares of company stock worth $16,697,489. Company insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. raised its holdings in shares of Visa by 44.4% in the third quarter. Marshall Wace North America L.P. now owns 1,060,305 shares of the credit-card processor’s stock worth $159,141,000 after buying an additional 325,768 shares during the period. Marshall Wace LLP grew its stake in Visa by 917.9% in the third quarter. Marshall Wace LLP now owns 52,053 shares of the credit-card processor’s stock worth $7,813,000 after purchasing an additional 46,939 shares in the last quarter. Matthew Goff Investment Advisor LLC grew its stake in Visa by 1.5% in the third quarter. Matthew Goff Investment Advisor LLC now owns 60,751 shares of the credit-card processor’s stock worth $9,118,000 after purchasing an additional 886 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Visa by 25.4% in the third quarter. Great Lakes Advisors LLC now owns 126,009 shares of the credit-card processor’s stock worth $18,913,000 after purchasing an additional 25,486 shares in the last quarter. Finally, Central Bank & Trust Co. grew its stake in Visa by 1.4% in the third quarter. Central Bank & Trust Co. now owns 59,284 shares of the credit-card processor’s stock worth $8,898,000 after purchasing an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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Visa Company Profile (NYSE:V)

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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