Traders Sell Shares of Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Thursday. $92.82 million flowed into the stock on the tick-up and $193.51 million flowed out of the stock on the tick-down, for a money net flow of $100.69 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.66 for the day and closed at $79.19
A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reiterated a “buy” rating and issued a $90.00 target price on shares of Visa in a research report on Saturday, April 2nd. Evercore ISI increased their target price on shares of Visa from $84.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, April 4th. Zacks Investment Research downgraded shares of Visa from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 target price on shares of Visa in a research report on Thursday, April 7th. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of Visa in a research report on Saturday, April 9th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $87.91.
The firm has a market capitalization of $184.19 billion and a P/E ratio of 33.17. The company has a 50 day moving average of $77.28 and a 200 day moving average of $75.87.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. On average, equities analysts expect that Visa Inc. will post $2.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 19th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 0.72%.
A number of large investors have recently made changes to their positions in V. MUFG Americas increased its stake in shares of Visa by 1.8% in the third quarter. MUFG Americas now owns 47,677 shares of the credit-card processor’s stock worth $3,321,000 after buying an additional 824 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Visa by 4.4% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 43,555 shares of the credit-card processor’s stock worth $3,378,000 after buying an additional 1,840 shares during the last quarter. Northstar Asset Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $1,393,000. MetLife Securities Inc increased its stake in shares of Visa by 84.0% in the fourth quarter. MetLife Securities Inc now owns 88,242 shares of the credit-card processor’s stock worth $6,843,000 after buying an additional 40,295 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in shares of Visa by 4.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,303,027 shares of the credit-card processor’s stock worth $101,037,000 after buying an additional 54,286 shares during the last quarter.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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