Investors Buy Visa Inc. (V) on Weakness

Investors purchased shares of Visa Inc. (NYSE:V) on weakness during trading on Wednesday. $133.85 million flowed into the stock on the tick-up and $81.82 million flowed out of the stock on the tick-down, for a money net flow of $52.03 million into the stock. Of all equities tracked, Visa had the 14th highest net in-flow for the day. Visa traded down ($0.38) for the day and closed at $105.83

A number of research firms have recently weighed in on V. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Visa in a report on Thursday, July 13th. Sandler O’Neill reaffirmed a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Vetr raised shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective on the stock in a report on Wednesday. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Visa presently has an average rating of “Buy” and an average price target of $104.90.

The firm’s 50-day moving average price is $102.34 and its 200 day moving average price is $94.93. The company has a market cap of $241.97 billion, a price-to-earnings ratio of 39.36 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts predict that Visa Inc. will post $3.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. Visa’s dividend payout ratio is currently 24.54%.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Capital Advisers Inc. raised its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the period. Motco raised its stake in Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new stake in Visa in the second quarter valued at approximately $115,000. Mascoma Wealth Management LLC bought a new stake in Visa in the second quarter valued at approximately $122,000. Finally, SpiderRock Advisors LLC raised its stake in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the period. 81.74% of the stock is owned by hedge funds and other institutional investors.

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About Visa

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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