Investors Buy Visa Inc. (V) on Weakness
Traders bought shares of Visa Inc. (NYSE:V) on weakness during trading on Monday. $146.66 million flowed into the stock on the tick-up and $104.95 million flowed out of the stock on the tick-down, for a money net flow of $41.71 million into the stock. Of all companies tracked, Visa had the 11th highest net in-flow for the day. Visa traded down ($0.36) for the day and closed at $108.30
Several equities analysts have issued reports on the company. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. Loop Capital raised their price objective on Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG raised their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Cantor Fitzgerald assumed coverage on Visa in a report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Instinet raised their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Two investment 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.66.
The firm has a 50-day moving average price of $105.24 and a 200 day moving average price of $97.71. The firm has a market capitalization of $245.88 billion, a price-to-earnings ratio of 39.99 and a beta of 0.93.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 25.8% on a year-over-year basis. Equities analysts predict that Visa Inc. will post $3.43 earnings per share for the current year.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $958,000. Mercer Capital Advisers Inc. lifted its position in shares of Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 25 shares in the last quarter. Motco lifted its position in shares of Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $123,000. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $115,000. Institutional investors and hedge funds own 81.65% of the company’s stock.
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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