Investors Buy Visa (V) on Weakness After Insider Selling

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Investors bought shares of Visa Inc (NYSE:V) on weakness during trading on Friday following insider selling activity. $286.57 million flowed into the stock on the tick-up and $109.77 million flowed out of the stock on the tick-down, for a money net flow of $176.80 million into the stock. Of all companies tracked, Visa had the 4th highest net in-flow for the day. Visa traded down ($0.28) for the day and closed at $139.73Specifically, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the transaction, the senior vice president now owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the completion of the transaction, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the stock. Loop Capital boosted their price objective on shares of Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price objective on shares of Visa from $155.00 to $161.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. KeyCorp boosted their price objective on shares of Visa from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Raymond James restated an “outperform” rating and issued a $165.00 price objective on shares of Visa in a report on Tuesday, July 24th. Finally, Morgan Stanley upgraded shares of Visa to an “overweight” rating in a report on Monday, July 23rd. Three equities 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $147.61.

The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market cap of $285.36 billion, a PE ratio of 40.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. analysts anticipate that Visa Inc will post 4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, August 17th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, August 16th. Visa’s payout ratio is currently 24.14%.

A number of institutional investors have recently modified their holdings of the business. Earnest Partners LLC purchased a new stake in shares of Visa in the 4th quarter worth about $100,000. AlphaOne Investment Services LLC purchased a new stake in Visa during the 4th quarter valued at about $108,000. Fusion Family Wealth LLC grew its position in Visa by 138.8% during the 4th quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock valued at $109,000 after purchasing an additional 555 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in Visa during the 4th quarter valued at about $112,000. Finally, First Dallas Securities Inc. purchased a new stake in Visa during the 4th quarter valued at about $125,000. 79.87% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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