Traders Sell Shares of Visa Inc. (V) on Strength (V)
Traders sold shares of Visa Inc. (NYSE:V) on strength during trading on Tuesday. $39.48 million flowed into the stock on the tick-up and $121.49 million flowed out of the stock on the tick-down, for a money net flow of $82.01 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.30 for the day and closed at $80.87
A number of equities research analysts recently commented on V shares. Pacific Crest restated a “buy” rating and set a $92.00 price target on shares of Visa in a research report on Thursday, August 25th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Visa in a research report on Tuesday, May 31st. Robert W. Baird restated a “buy” rating on shares of Visa in a research report on Monday, May 16th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, July 19th. Finally, Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $83.88 price objective on the stock in a research report on Monday, June 6th. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.26.
The firm’s 50 day moving average price is $79.52 and its 200-day moving average price is $77.23. The firm has a market capitalization of $191.56 billion and a P/E ratio of 34.50.
Visa (NYSE:V) last posted its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. Analysts predict that Visa Inc. will post $2.79 EPS for the current 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 issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%.
Other large investors have bought and sold shares of 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 in the last quarter. Eaton Vance Management raised 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. Parsons Capital Management Inc. RI raised its stake in Visa by 22.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 21,596 shares of the credit-card processor’s stock valued at $1,675,000 after buying an additional 3,997 shares during the period. P.A.W. Capital Corp purchased a new stake in Visa during the fourth quarter valued at approximately $1,163,000. Finally, Cibc World Markets Corp raised its stake in Visa by 14.3% in the fourth quarter. Cibc World Markets Corp now owns 42,152 shares of the credit-card processor’s stock valued at $3,269,000 after buying an additional 5,270 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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