Visa Inc (NYSE:V) EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website.
Shares of Visa Inc (NYSE V) opened at $121.85 on Friday. The company has a market capitalization of $276,140.00, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. Visa Inc has a 12 month low of $86.98 and a 12 month high of $126.88.
Visa (NYSE:V) last released its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. equities research analysts expect that Visa Inc will post 4.37 earnings per share for the current fiscal year.
Visa announced that its board has approved a stock buyback plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
V has been the subject of several analyst reports. Citigroup restated a “buy” rating and set a $136.00 target price (up from $124.00) on shares of Visa in a research report on Friday, January 12th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $126.37 target price for the company in a research report on Monday, February 5th. BMO Capital Markets boosted their target price on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Thursday, January 25th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $123.00 target price on shares of Visa in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $133.85.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in V. Vanguard Group Inc. raised its stake 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 worth $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Visa by 2.5% during the 4th quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock worth $13,710,132,000 after acquiring an additional 2,986,301 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Visa by 1.0% during the 3rd quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock worth $2,239,872,000 after acquiring an additional 209,764 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Visa by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 20,412,345 shares of the credit-card processor’s stock worth $2,322,847,000 after acquiring an additional 719,390 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Visa by 9.3% during the 3rd 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 acquiring an additional 1,624,700 shares during the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.
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Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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