Traders Sell Shares of Visa (V) on Strength (V)

Investors sold shares of Visa (NYSE:V) on strength during trading hours on Monday. $144.38 million flowed into the stock on the tick-up and $255.73 million flowed out of the stock on the tick-down, for a money net flow of $111.35 million out of the stock. Of all companies tracked, Visa had the 10th highest net out-flow for the day. Visa traded up $1.09 for the day and closed at $118.79

A number of brokerages recently commented on V. Guggenheim reissued a “buy” rating and issued a $143.00 price objective on shares of Visa in a research note on Monday. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Saturday. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 price objective on the stock. in a research note on Thursday. ValuEngine raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Sanford C. Bernstein began coverage on shares of Visa in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $143.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $135.19.

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The firm has a market capitalization of $242,525.22, a price-to-earnings ratio of 34.14, a PEG ratio of 1.55 and a beta of 0.98. 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 quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. analysts expect that Visa will post 4.38 EPS for the current year.

Visa declared that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that authorizes the company to buyback $7.50 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, EVP Lynne Biggar sold 1,712 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total transaction 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of V. Vanguard Group Inc. grew its position in Visa by 2.1% in the second 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. grew 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 valued at $13,710,132,000 after acquiring an additional 2,986,301 shares in the last quarter. Jennison Associates LLC grew 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 valued at $2,239,872,000 after acquiring an additional 209,764 shares in the last quarter. Geode Capital Management LLC grew 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 valued at $2,322,847,000 after acquiring an additional 719,390 shares in the last quarter. Finally, Bank of New York Mellon Corp grew 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 valued at $2,019,358,000 after acquiring an additional 1,624,700 shares in the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

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Visa Company Profile

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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