Visa Inc (NYSE:V) EVP Tullier Kelly Mahon sold 91,046 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the completion of the transaction, the executive vice president now directly owns 120,602 shares in the company, valued at approximately $18,848,886.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE V traded down $0.50 during mid-day trading on Monday, reaching $154.96. 9,673,668 shares of the company traded hands, compared to its average volume of 8,848,586. Visa Inc has a fifty-two week low of $116.03 and a fifty-two week high of $156.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $312.07 billion, a PE ratio of 33.61, a P/E/G ratio of 1.73 and a beta of 1.00.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc will post 5.32 earnings per share for the current fiscal year.
Several equities research analysts have commented on V shares. Wedbush raised their price target on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday. restated a “buy” rating on shares of Visa in a research note on Tuesday, February 12th. SunTrust Banks restated an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. Raymond James restated an “outperform” rating and issued a $152.00 price target (down previously from $167.00) on shares of Visa in a research note on Thursday, January 31st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $160.00 price target on shares of Visa in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $163.23.
Several hedge funds and other institutional investors have recently bought and sold shares of V. Oregon Public Employees Retirement Fund increased its stake in shares of Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after acquiring an additional 85,811,983 shares during the period. Lunia Capital LP grew its position in Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares during the last quarter. Norges Bank acquired a new position in Visa in the fourth quarter worth approximately $2,341,733,000. Matthew Goff Investment Advisor LLC grew its position in Visa by 13,144.9% in the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after buying an additional 7,869,202 shares during the last quarter. Finally, Fundsmith Equity Fund L.P. acquired a new position in Visa in the second quarter worth approximately $757,597,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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