Investors Buy Visa (V) on Weakness

Traders purchased shares of Visa (NYSE:V) on weakness during trading hours on Wednesday. $217.66 million flowed into the stock on the tick-up and $181.18 million flowed out of the stock on the tick-down, for a money net flow of $36.48 million into the stock. Of all companies tracked, Visa had the 12th highest net in-flow for the day. Visa traded down ($0.06) for the day and closed at $121.21

Several equities analysts recently weighed in on V shares. Susquehanna Bancshares lifted their price target on Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Cowen restated a “buy” rating and issued a $129.00 price target on shares of Visa in a research note on Friday, January 12th. Citigroup restated a “buy” rating and issued a $136.00 price target (up previously from $124.00) on shares of Visa in a research note on Friday, January 12th. Stephens restated a “buy” rating and issued a $135.00 price target on shares of Visa in a research note on Wednesday, January 10th. Finally, Credit Suisse Group set a $129.00 price objective on Visa and gave the stock a “buy” rating in a research note on Monday, January 8th. Three research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $135.19.

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $256,454.45, a PE ratio of 34.83, a P/E/G ratio of 1.65 and a beta of 0.99.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. analysts forecast that Visa will post 4.39 EPS for the current fiscal year.

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, May 17th. Visa’s dividend payout ratio is presently 24.14%.

Visa declared that its board has approved a share repurchase 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. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

In related 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in V. Chemical Bank lifted its stake in Visa by 12.2% during the fourth quarter. Chemical Bank now owns 26,253 shares of the credit-card processor’s stock worth $2,993,000 after purchasing an additional 2,851 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Visa by 24.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 284,196 shares of the credit-card processor’s stock worth $32,404,000 after purchasing an additional 55,137 shares in the last quarter. Certified Advisory Corp acquired a new position in Visa during the fourth quarter worth $465,000. Ackerman Capital Advisors LLC acquired a new position in Visa during the fourth quarter worth $461,000. Finally, Wagner Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $253,000. Hedge funds and other institutional investors own 81.58% of the company’s stock.

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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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