Investors Sell Shares of Visa Inc. (V) on Strength (V)
Traders sold shares of Visa Inc. (NYSE:V) on strength during trading on Monday. $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 stocks 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
Several equities analysts have recently issued reports on the company. Pacific Crest reaffirmed a “buy” rating and issued a $92.00 target price on shares of Visa in a report on Thursday, August 25th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $83.12 target price for the company. in a report on Monday, August 15th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $94.00 target price on shares of Visa in a report on Friday, August 5th. Argus reaffirmed a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Visa in a report on Monday, July 25th. Finally, Nomura reaffirmed a “buy” rating and issued a $91.00 target price on shares of Visa in a report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.26.
The firm’s 50 day moving average is $79.39 and its 200 day moving average is $77.15. The stock has a market capitalization of $190.85 billion and a P/E ratio of 34.37.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. On average, analysts forecast that Visa Inc. will post $2.79 EPS 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 paid a $0.14 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%.
A number of institutional investors recently modified their holdings of the company. Eaton Vance Management increased its position in shares of 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. P.A.W. Capital Corp bought a new position in shares of Visa during the fourth quarter worth approximately $1,163,000. Gluskin Sheff & Assoc Inc. increased its position in shares of Visa by 938.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 335,511 shares of the credit-card processor’s stock worth $26,019,000 after buying an additional 303,190 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Visa by 6.0% in the fourth quarter. Suntrust Banks Inc. now owns 1,112,165 shares of the credit-card processor’s stock worth $86,247,000 after buying an additional 62,490 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new position in shares of Visa during the fourth quarter worth approximately $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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