Visa Inc (V) Short Interest Update

Visa Inc (NYSE:V) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 33,780,862 shares, a growth of 12.9% from the November 30th total of 29,930,756 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 10,653,610 shares, the days-to-cover ratio is currently 3.2 days.

Visa (V) opened at $118.86 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $269,360.00, a PE ratio of 42.45, a P/E/G ratio of 1.69 and a beta of 0.99. Visa has a fifty-two week low of $80.51 and a fifty-two week high of $119.00.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. analysts anticipate that Visa will post 4.07 EPS for the current year.

A number of brokerages have weighed in on V. Wells Fargo & Co upgraded Visa from a “market perform” rating to an “outperform” rating and upped their price target for the company from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald began coverage on Visa in a report on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price on the stock. Buckingham Research increased their target price on Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Barclays increased their target price on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.53.

In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares in the company, valued at $8,661,119.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Visa during the 2nd quarter worth approximately $958,000. Welch Investments LLC bought a new position in shares of Visa during the 3rd quarter worth approximately $101,000. Cordasco Financial Network bought a new position in shares of Visa during the 3rd quarter worth approximately $105,000. Massey Quick Simon & CO. LLC bought a new position in shares of Visa during the 3rd quarter worth approximately $110,000. Finally, Motco boosted its stake in shares of Visa by 25.1% during the 2nd 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 period. Institutional investors and hedge funds own 81.50% 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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