Traders Sell Visa Inc. (V) on Strength (V)
Investors sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Friday. $62.92 million flowed into the stock on the tick-up and $284.30 million flowed out of the stock on the tick-down, for a money net flow of $221.38 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.25 for the day and closed at $80.57
Several equities analysts recently weighed in on the stock. Pacific Crest restated a “buy” rating on shares of Visa in a report on Friday, July 22nd. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $81.05 price objective on the stock in a report on Tuesday, May 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price objective on shares of Visa in a report on Thursday, May 26th. Nomura restated a “buy” rating and issued a $91.00 price objective on shares of Visa in a report on Monday, July 25th. Finally, Oppenheimer Holdings Inc. increased their price objective on shares of Visa from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Visa has a consensus rating of “Buy” and an average price target of $88.26.
The firm has a market capitalization of $190.14 billion and a price-to-earnings ratio of 34.24. The firm 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 results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. On average, equities analysts expect that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%.
Several hedge funds have recently bought and sold shares of the company. Atlantic Trust Group LLC raised its stake 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 last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Visa by 9.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 111,027 shares of the credit-card processor’s stock valued at $8,610,000 after buying an additional 9,837 shares during the last quarter. Lipe & Dalton purchased a new stake in Visa during the fourth quarter valued at about $1,278,000. Andra AP fonden raised its stake in Visa by 2.4% in the fourth quarter. Andra AP fonden now owns 223,000 shares of the credit-card processor’s stock valued at $17,294,000 after buying an additional 5,300 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Visa by 3.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 100,218 shares of the credit-card processor’s stock valued at $7,771,000 after buying an additional 2,883 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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