Investors Sell Shares of Visa Inc. (V) on Strength (V)
Traders 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 stocks 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 issued reports on the company. Jefferies Group reiterated a “buy” rating on shares of Visa in a report on Tuesday, July 5th. Vetr cut Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 target price for the company. in a report on Monday, July 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $97.00 target price on shares of Visa in a report on Thursday, June 9th. Barclays PLC decreased their target price on Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Finally, Nomura reiterated a “buy” rating and set a $91.00 target price on shares of Visa in a report on Monday, July 25th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and a consensus target price of $88.26.
The firm has a market capitalization of $190.14 billion and a P/E ratio of 34.24. The stock has a 50-day moving average of $79.27 and a 200-day moving average of $76.95.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The firm earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Equities analysts expect that Visa Inc. will post $2.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be given a $0.14 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%.
Other hedge funds have recently made changes to their positions in the company. Egerton Capital UK LLP increased its position 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 valued at $552,791,000 after buying an additional 2,580,759 shares during the period. Eaton Vance Management increased its position 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 valued at $328,101,000 after buying an additional 136,248 shares during the period. Principal Financial Group Inc. increased its position in Visa by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 3,319,058 shares of the credit-card processor’s stock valued at $257,393,000 after buying an additional 56,267 shares during the period. State of New Jersey Common Pension Fund D increased its position 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 valued at $204,732,000 after buying an additional 160,000 shares during the period. Finally, Atlantic Trust Group LLC increased its position in Visa by 0.7% in the fourth quarter. Atlantic Trust Group LLC now owns 1,539,310 shares of the credit-card processor’s stock valued at $119,372,000 after buying an additional 11,100 shares during the period.
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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