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

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Traders sold shares of Visa Inc (NYSE:V) on strength during trading hours on Thursday. $388.40 million flowed into the stock on the tick-up and $612.05 million flowed out of the stock on the tick-down, for a money net flow of $223.65 million out of the stock. Of all companies tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $2.41 for the day and closed at $141.05

A number of research analysts recently commented on V shares. Wells Fargo & Co increased their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Royal Bank of Canada increased their target price on Visa to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Tuesday, September 25th. Credit Suisse Group increased their target price on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $166.00 target price on shares of Visa in a research note on Thursday, October 25th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus price target of $156.09.

The company has a market cap of $284.50 billion, a PE ratio of 29.74, a PEG ratio of 1.53 and a beta of 1.11. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.44 billion. As a group, equities analysts predict that Visa Inc will post 5.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th were paid a dividend of $0.25 per share. This is a boost from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 15th. Visa’s dividend payout ratio (DPR) is 21.69%.

In other news, EVP William M. Sheedy sold 3,643 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the completion of the sale, the executive vice president now directly owns 241,983 shares in the company, valued at $32,200,677.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William M. Sheedy sold 13,864 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $144.97, for a total transaction of $2,009,864.08. The disclosure for this sale can be found here. Insiders have sold 119,395 shares of company stock worth $16,697,489 over the last ninety days. Insiders own 0.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its holdings in shares of Visa by 0.8% during the third quarter. Rehmann Capital Advisory Group now owns 10,088 shares of the credit-card processor’s stock worth $1,514,000 after purchasing an additional 85 shares during the period. Marshall Wace North America L.P. lifted its holdings in Visa by 44.4% in the third quarter. Marshall Wace North America L.P. now owns 1,060,305 shares of the credit-card processor’s stock worth $159,141,000 after buying an additional 325,768 shares during the period. Marshall Wace LLP lifted its holdings in Visa by 917.9% in the third quarter. Marshall Wace LLP now owns 52,053 shares of the credit-card processor’s stock worth $7,813,000 after buying an additional 46,939 shares during the period. Matthew Goff Investment Advisor LLC lifted its holdings in Visa by 1.5% in the third quarter. Matthew Goff Investment Advisor LLC now owns 60,751 shares of the credit-card processor’s stock worth $9,118,000 after buying an additional 886 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in Visa by 25.4% in the third quarter. Great Lakes Advisors LLC now owns 126,009 shares of the credit-card processor’s stock worth $18,913,000 after buying an additional 25,486 shares during the period. Institutional investors own 80.63% of the company’s stock.

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Visa Company Profile (NYSE:V)

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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