Investors Sell Shares of Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading on Thursday. $47.18 million flowed into the stock on the tick-up and $151.60 million flowed out of the stock on the tick-down, for a money net flow of $104.42 million out of the stock. Of all companies tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.03 for the day and closed at $80.32
A number of analysts have recently weighed in on V shares. Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a research report on Wednesday, June 15th. Argus reissued a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of Visa in a research report on Monday, July 25th. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $80.66 price target for the company. in a research report on Tuesday, May 17th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $94.00 price target on shares of Visa in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.26.
The stock’s 50 day moving average is $79.10 and its 200 day moving average is $76.86. The stock has a market capitalization of $189.55 billion and a price-to-earnings ratio of 34.14.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. Equities research analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, August 17th.
A number of large investors recently added to or reduced their stakes in V. Egerton Capital UK LLP increased its stake in Visa by 56.8% in the fourth quarter. Egerton Capital UK LLP now owns 7,128,193 shares of the credit-card processor’s stock worth $552,791,000 after buying an additional 2,580,759 shares in the last quarter. Gluskin Sheff & Assoc Inc. increased its stake in Visa by 938.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 335,511 shares of the credit-card processor’s stock worth $26,019,000 after buying an additional 303,190 shares in the last quarter. Carleon Capital Partners LLC bought a new stake in Visa during the fourth quarter worth approximately $15,510,000. State of New Jersey Common Pension Fund D increased its stake in Visa by 6.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 2,640,000 shares of the credit-card processor’s stock worth $204,732,000 after buying an additional 160,000 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Visa by 3.3% in the fourth quarter. Eaton Vance Management now owns 4,230,833 shares of the credit-card processor’s stock worth $328,101,000 after buying an additional 136,248 shares in 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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