Investors Buy Shares of Visa Inc. (V) on Weakness

Traders purchased shares of Visa Inc. (NYSE:V) on weakness during trading on Thursday. $133.14 million flowed into the stock on the tick-up and $82.44 million flowed out of the stock on the tick-down, for a money net flow of $50.70 million into the stock. Of all companies tracked, Visa had the 14th highest net in-flow for the day. Visa traded down ($0.09) for the day and closed at $110.98

A number of equities analysts recently issued reports on V shares. Mizuho restated a “buy” rating and issued a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Tuesday, September 19th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. BMO Capital Markets raised their target price on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Finally, UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $116.08.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the company posted $0.78 EPS. The company’s revenue was up 13.9% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of Infinity. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th.

In other news, Director Mary B. Cranston sold 10,400 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cordasco Financial Network acquired a new stake in Visa during the third quarter worth approximately $105,000. Motco boosted its position in Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Visa during the second quarter worth approximately $115,000. Mascoma Wealth Management LLC acquired a new stake in Visa during the second quarter worth approximately $122,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in Visa during the second quarter worth approximately $123,000. Hedge funds and other institutional investors own 81.75% of the company’s stock.

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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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