Investors purchased shares of Visa Inc (NYSE:V) on weakness during trading on Tuesday. $370.69 million flowed into the stock on the tick-up and $137.22 million flowed out of the stock on the tick-down, for a money net flow of $233.47 million into the stock. Of all stocks tracked, Visa had the 2nd highest net in-flow for the day. Visa traded down ($1.04) for the day and closed at $123.20
A number of equities analysts have recently commented on V shares. Guggenheim reissued a “buy” rating and issued a $136.00 target price on shares of Visa in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets reissued a “positive” rating and issued a $148.00 target price on shares of Visa in a research note on Monday, February 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $141.00 target price on shares of Visa in a research note on Friday, December 22nd. Finally, Mizuho reissued a “buy” rating and issued a $136.00 target price on shares of Visa in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $134.14.
The stock has a market cap of $278,050.00, a P/E ratio of 48.31, a PEG ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were paid a dividend of $0.21 per share. This is an increase from Visa’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 15th. This represents a $0.84 annualized dividend and a yield of 0.68%. Visa’s payout ratio is 32.94%.
Visa announced that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to buyback $7.50 billion in outstanding shares. This buyback authorization permits the credit-card processor to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now directly owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Insiders have sold a total of 57,634 shares of company stock worth $6,562,157 in the last ninety days. 0.14% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Roble Belko & Company Inc boosted its holdings in shares of Visa by 220.8% in the 4th quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock valued at $100,000 after buying an additional 605 shares during the period. Earnest Partners LLC acquired a new position in shares of Visa in the 4th quarter valued at about $100,000. Welch Investments LLC acquired a new position in shares of Visa in the 3rd quarter valued at about $101,000. Cordasco Financial Network acquired a new position in shares of Visa in the 3rd quarter valued at about $105,000. Finally, AlphaOne Investment Services LLC acquired a new position in shares of Visa in the 4th quarter valued at about $108,000. 81.54% of the stock is owned by institutional investors.
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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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