Traders Sell Shares of Visa Inc. (V) on Strength (V)
Traders sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Friday. $74.62 million flowed into the stock on the tick-up and $103.60 million flowed out of the stock on the tick-down, for a money net flow of $28.98 million out of the stock. Of all stocks tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.40 for the day and closed at $81.30
Several brokerages have recently issued reports on V. Pacific Crest reaffirmed a “buy” rating on shares of Visa in a research note on Friday, July 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price objective on shares of Visa in a report on Thursday, May 26th. Nomura reiterated a “buy” rating and issued a $91.00 price objective on shares of Visa in a report on Monday, July 25th. Oppenheimer Holdings Inc. upped their price objective on Visa from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, June 10th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $94.00 price objective on shares of Visa in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.26.
The company has a market cap of $193.52 billion and a PE ratio of 34.85. The company has a 50-day moving average of $79.83 and a 200 day moving average of $77.32.
Visa (NYSE:V) last posted its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. On average, analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 0.68%.
Several large investors recently bought and sold shares of V. P.A.W. Capital Corp bought a new stake in Visa during the fourth quarter valued at about $1,163,000. Lipe & Dalton purchased a new position in Visa during the fourth quarter valued at $1,278,000. Hodges Capital Management Inc. boosted its position 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 valued at $1,279,000 after buying an additional 1,380 shares during the last quarter. Parsons Capital Management Inc. RI boosted its position 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 last quarter. Finally, Bronfman E.L. Rothschild L.P. purchased a new position in Visa during the fourth quarter valued at $1,766,000.
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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