A number of research firms recently commented on V. restated a “buy” rating on shares of Visa in a report on Tuesday, February 12th. SunTrust Banks reiterated an “outperform” rating and set a $250.00 price target on shares of Visa in a report on Friday, February 1st. Raymond James reiterated an “outperform” rating and set a $152.00 price target (down previously from $167.00) on shares of Visa in a report on Thursday, January 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 price target on shares of Visa in a report on Thursday, January 31st. Finally, Jefferies Financial Group began coverage on Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 price target on the stock. One investment analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Visa has a consensus rating of “Buy” and an average target price of $162.77.
Investors sold shares of Visa Inc (NYSE:V) on strength during trading hours on Wednesday after an insider sold shares in the company. $202.50 million flowed into the stock on the tick-up and $318.40 million flowed out of the stock on the tick-down, for a money net flow of $115.90 million out of the stock. Of all stocks tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.74 for the day and closed at $152.47Specifically, EVP Lynne Biggar sold 15,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $150.00, for a total value of $2,250,000.00. Following the transaction, the executive vice president now owns 22,294 shares in the company, valued at $3,344,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold a total of 102,485 shares of company stock worth $14,568,370 in the last quarter. 0.17% of the stock is owned by corporate insiders.
The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $304.58 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 1.66 and a beta of 0.97.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Visa’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 15th were given a $0.25 dividend. The ex-dividend date was Thursday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. Visa’s dividend payout ratio is 21.69%.
Several institutional investors and hedge funds have recently bought and sold shares of V. Oregon Public Employees Retirement Fund boosted its position in shares of Visa by 11,319.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after acquiring an additional 85,811,983 shares during the period. Lunia Capital LP lifted its position in Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares during the period. Norges Bank bought a new position in Visa in the fourth quarter worth $2,341,733,000. Matthew Goff Investment Advisor LLC lifted its position in Visa by 13,144.9% in the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after purchasing an additional 7,869,202 shares during the period. Finally, Fundsmith Equity Fund L.P. bought a new position in Visa in the second quarter worth $757,597,000. 80.00% of the stock is owned by institutional investors.
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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