Investors Sell Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading on Monday. $135.04 million flowed into the stock on the tick-up and $160.62 million flowed out of the stock on the tick-down, for a money net flow of $25.58 million out of the stock. Of all companies tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.21 for the day and closed at $78.26
Several research analysts have issued reports on V shares. Sanford C. Bernstein reiterated a “buy” rating on shares of Visa in a research report on Wednesday, June 15th. Argus reiterated a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Visa in a research report on Monday, July 25th. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $80.66 price objective for the company. in a research report on Tuesday, May 17th. Compass Point started coverage on Visa in a research report on Friday, April 15th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Visa in a research report on Tuesday, April 19th. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.91.
The company has a market capitalization of $184.69 billion and a price-to-earnings ratio of 33.26. The stock’s 50-day moving average price is $77.23 and its 200-day moving average price is $75.93.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Equities research analysts forecast that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 19th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.56 annualized dividend and a yield of 0.72%.
A number of hedge funds have made changes to their positions in the stock. 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 valued at $3,321,000 after buying an additional 824 shares during the last quarter. ProVise Management Group LLC increased its stake in shares of Visa by 6.0% in the fourth quarter. ProVise Management Group LLC now owns 67,067 shares of the credit-card processor’s stock valued at $5,197,000 after buying an additional 3,825 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Visa by 23.4% in the fourth quarter. Profund Advisors LLC now owns 67,261 shares of the credit-card processor’s stock valued at $5,216,000 after buying an additional 12,751 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Visa by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 740,093 shares of the credit-card processor’s stock valued at $57,394,000 after buying an additional 20,529 shares during the last quarter. Finally, Johanson Financial Advisors Inc. acquired a new stake in shares of Visa during the fourth quarter valued at $2,129,000.
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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