Traders Sell Shares of Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Monday. $64.26 million flowed into the stock on the tick-up and $94.92 million flowed out of the stock on the tick-down, for a money net flow of $30.66 million out of the stock. Of all stocks tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.89 for the day and closed at $80.91
Several brokerages recently issued reports on V. Jefferies Group reiterated a “buy” rating on shares of Visa in a research report on Tuesday, July 5th. Vetr lowered Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price objective for the company. in a research report on Monday, July 11th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Visa in a research report on Wednesday, April 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $97.00 price objective on shares of Visa in a research report on Thursday, June 9th. Finally, Barclays PLC decreased their price objective on Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Visa presently has a consensus rating of “Buy” and an average price target of $87.87.
The stock has a market cap of $190.48 billion and a PE ratio of 34.303. The company’s 50 day moving average price is $77.87 and its 200 day moving average price is $76.50.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.69%.
Other hedge funds recently added to or reduced their stakes in the company. Birinyi Associates Inc. raised its stake in Visa by 2.0% in the fourth quarter. Birinyi Associates Inc. now owns 13,150 shares of the credit-card processor’s stock worth $1,020,000 after buying an additional 262 shares during the last quarter. P.A.W. Capital Corp bought a new stake in Visa during the fourth quarter worth about $1,163,000. Westbourne Investment Advisors Inc. raised its stake in Visa by 114.3% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 15,225 shares of the credit-card processor’s stock worth $1,181,000 after buying an additional 8,120 shares during the last quarter. Lipe & Dalton bought a new stake in Visa during the fourth quarter worth about $1,278,000. Finally, Hodges Capital Management Inc. raised its stake in Visa by 9.1% in the fourth quarter. Hodges Capital Management Inc. now owns 16,489 shares of the credit-card processor’s stock worth $1,279,000 after buying an additional 1,380 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.