Traders Sell Visa Inc. (V) on Strength (V)
Traders sold shares of Visa Inc. (NYSE:V) on strength during trading 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 equities 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
A number of equities analysts recently commented on the stock. Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a research note on Wednesday, June 15th. Argus reaffirmed a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Visa in a research report on Monday, July 25th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $80.66 price target on the stock. in a research report on Tuesday, May 17th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $94.00 price target on shares of Visa in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $88.26.
The firm has a market cap of $193.52 billion and a P/E ratio of 34.85. The company’s 50-day moving average price is $79.83 and its 200-day moving average price is $77.32.
Visa (NYSE:V) last announced its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be paid a $0.14 dividend. 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%.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. P.A.W. Capital Corp bought a new position in Visa during the fourth quarter worth approximately $1,163,000. Lipe & Dalton bought a new position in Visa during the fourth quarter worth approximately $1,278,000. Parsons Capital Management Inc. RI increased 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 worth $1,675,000 after buying an additional 3,997 shares during the period. Bronfman E.L. Rothschild L.P. bought a new position in Visa during the fourth quarter worth approximately $1,766,000. Finally, Genesee Valley Trust Co. increased its position in Visa by 2.0% in the fourth quarter. Genesee Valley Trust Co. now owns 34,629 shares of the credit-card processor’s stock worth $2,685,000 after buying an additional 693 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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