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

Traders sold shares of Visa (NYSE:V) on strength during trading hours on Wednesday. $219.13 million flowed into the stock on the tick-up and $361.92 million flowed out of the stock on the tick-down, for a money net flow of $142.79 million out of the stock. Of all equities tracked, Visa had the 3rd highest net out-flow for the day. Visa traded up $1.46 for the day and closed at $138.15

A number of brokerages recently issued reports on V. Wedbush raised their target price on Visa from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 6th. Buckingham Research raised their target price on Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a research note on Tuesday, June 26th. UBS Group began coverage on Visa in a research note on Friday, May 18th. They issued a “neutral” rating and a $141.00 target price for the company. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Finally, Morgan Stanley raised their target price on Visa from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, April 26th. Three research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and an average price target of $139.29.

The stock has a market capitalization of $276.99 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 1.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.94.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. Visa had a return on equity of 33.90% and a net margin of 48.18%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. research analysts predict that Visa will post 4.52 EPS for the current year.

In other news, SVP James H. Hoffmeister sold 8,423 shares of the firm’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $127.67, for a total transaction of $1,075,364.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 38,500 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $131.33, for a total value of $5,056,205.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Visa by 2.5% in the 4th 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 last quarter. Geode Capital Management LLC boosted its holdings in Visa by 3.7% in 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 buying an additional 719,390 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Visa by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 17,685,789 shares of the credit-card processor’s stock worth $2,342,483,000 after buying an additional 639,522 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Visa by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 15,875,515 shares of the credit-card processor’s stock worth $1,810,126,000 after buying an additional 75,169 shares during the last quarter. Finally, Edgewood Management LLC boosted its holdings in Visa by 3.8% in the 1st quarter. Edgewood Management LLC now owns 14,827,315 shares of the credit-card processor’s stock worth $1,773,643,000 after buying an additional 548,955 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

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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