Traders Sell Visa (V) on Strength (V)

Traders sold shares of Visa (NYSE:V) on strength during trading hours on Tuesday. $131.54 million flowed into the stock on the tick-up and $198.42 million flowed out of the stock on the tick-down, for a money net flow of $66.88 million out of the stock. Of all stocks tracked, Visa had the 14th highest net out-flow for the day. Visa traded up $1.70 for the day and closed at $124.91

V has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating and set a $136.00 target price on shares of Visa in a report on Friday, February 2nd. Morgan Stanley boosted their target price on Visa from $137.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. BMO Capital Markets reiterated a “positive” rating and set a $148.00 target price on shares of Visa in a report on Monday, February 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $141.00 target price on shares of Visa in a report on Friday, December 22nd. Finally, Mizuho reiterated a “buy” rating and set a $136.00 target price on shares of Visa in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average target price of $134.14.

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The company has a market capitalization of $256,598.69, a PE ratio of 41.50, a PEG ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07.

Visa (NYSE:V) last announced its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company posted $0.86 EPS. Visa’s quarterly revenue was up 9.0% on a year-over-year basis. sell-side analysts expect that Visa will post 4.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from Visa’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 15th. Visa’s dividend payout ratio is presently 27.91%.

Visa declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that allows the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization allows the credit-card processor to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Visa news, EVP Lynne Biggar sold 1,712 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after acquiring an additional 2,628,148 shares in the last quarter. BlackRock Inc. increased its position in Visa by 2.5% in the fourth quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after buying an additional 2,986,301 shares during the period. Jennison Associates LLC increased its position in Visa by 1.0% in the third quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock worth $2,239,872,000 after buying an additional 209,764 shares during the period. Geode Capital Management LLC increased its position in Visa by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 20,412,345 shares of the credit-card processor’s stock worth $2,322,847,000 after buying an additional 719,390 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after buying an additional 1,624,700 shares during the period. 81.47% of the stock is currently owned by institutional investors.

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About Visa

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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