Visa Inc (NYSE:V) EVP William M. Sheedy sold 13,206 shares of Visa stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $181.78, for a total transaction of $2,400,586.68. Following the sale, the executive vice president now owns 254,060 shares in the company, valued at approximately $46,183,026.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE V traded up $0.11 during trading hours on Tuesday, reaching $181.90. 4,558,726 shares of the company traded hands, compared to its average volume of 7,546,133. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $358.22 billion, a PE ratio of 33.44, a PEG ratio of 1.92 and a beta of 0.93. The company has a 50 day moving average of $179.15 and a two-hundred day moving average of $175.70.
Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities research analysts anticipate that Visa Inc will post 6.21 earnings per share for the current year.
A number of large investors have recently bought and sold shares of V. Gladstone Institutional Advisory LLC boosted its holdings in shares of Visa by 16.4% during the second quarter. Gladstone Institutional Advisory LLC now owns 5,560 shares of the credit-card processor’s stock valued at $965,000 after acquiring an additional 782 shares during the period. Asset Dedication LLC boosted its stake in Visa by 4.2% during the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock valued at $2,799,000 after purchasing an additional 647 shares during the period. Alera Investment Advisors LLC boosted its stake in Visa by 5.7% during the 2nd quarter. Alera Investment Advisors LLC now owns 1,599 shares of the credit-card processor’s stock valued at $278,000 after purchasing an additional 86 shares during the period. Castle Rock Wealth Management LLC grew its position in Visa by 45.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,411 shares of the credit-card processor’s stock worth $2,154,000 after purchasing an additional 3,876 shares during the last quarter. Finally, Doliver Advisors LP grew its position in Visa by 16.8% in the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock worth $2,577,000 after purchasing an additional 2,134 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.
V has been the topic of a number of recent research reports. Guggenheim set a $194.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush set a $187.00 price target on shares of Visa and gave the company a “buy” rating in a report on Tuesday, September 24th. Citigroup lifted their price target on shares of Visa from $185.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. BMO Capital Markets boosted their price objective on shares of Visa from $231.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, ValuEngine lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $199.04.
Visa Company Profile
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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