November 24, 2016 - By Winifred Garcia · 0 Comments
Visa Inc (NYSE:V) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.06, from 0.99 in 2016Q1. The ratio turned negative, as 608 hedge funds increased or started new positions, while 616 decreased and sold stock positions in Visa Inc. The hedge funds in our partner’s database now have: 1.67 billion shares, down from 1.76 billion shares in 2016Q1. Also, the number of hedge funds holding Visa Inc in their top 10 positions decreased from 177 to 164 for a decrease of 13. Sold All: 54 Reduced: 562 Increased: 500 New Position: 108.
Visa Inc. is a payments technology company. The company has a market cap of $182.14 billion. The Firm and its subsidiaries, including Visa U.S.A. It has a 38.55 P/E ratio. Inc. , Visa International Service Association (Visa International), Visa Worldwide Pte.
The stock decreased 0.45% or $0.36 on November 23, hitting $79.57. About 12.86M shares traded hands or 24.98% up from the average. Visa Inc (NYSE:V) has risen 0.58% since April 22, 2016 and is uptrending. It has underperformed by 4.83% the S&P500.
Analysts await Visa Inc (NYSE:V) to report earnings on January, 26. They expect $0.78 EPS, up 13.04% or $0.09 from last year’s $0.69 per share. V’s profit will be $1.79 billion for 25.50 P/E if the $0.78 EPS becomes a reality. After $0.78 actual EPS reported by Visa Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “VISA operates the world’s largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.”
First Heartland Consultants Inc. holds 65.15% of its portfolio in Visa Inc for 8,012 shares. Trb Advisors Lp owns 40,000 shares or 30.46% of their US portfolio. Moreover, Hengistbury Investment Partners Llp has 26.14% invested in the company for 1.77 million shares. The New York-based Two Creeks Capital Management Lp has invested 16.13% in the stock. Night Owl Capital Management Llc, a Connecticut-based fund reported 248,105 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 sales for $65.42 million net activity.
Ratings analysis reveals 67% of Visa Inc.’s analysts are positive. Out of 21 Wall Street analysts rating Visa Inc., 14 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $70 while the high is $97. The stock’s average target of $84.85 is 6.64% above today’s ($79.57) share price. V was included in 37 notes of analysts from July 21, 2015. The stock of Visa Inc (NYSE:V) earned “Mkt Perform” rating by FBR Capital on Friday, July 24. Oppenheimer maintained the shares of V in a report on Monday, October 19 with “Outperform” rating. The stock of Visa Inc (NYSE:V) has “Buy” rating given on Thursday, December 17 by Sterne Agee CRT. RBC Capital Markets maintained the shares of V in a report on Tuesday, November 3 with “Outperform” rating. The rating was maintained by UBS on Tuesday, October 25 with “Buy”. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Tuesday, December 8 by Keefe Bruyette & Woods. The rating was initiated by Wells Fargo on Thursday, October 22 with “Outperform”. As per Friday, April 15, the company rating was initiated by Compass Point.
Visa Inc., incorporated on May 25, 2007, is a payments technology company. The Firm and its subsidiaries, including Visa U.S.A. Inc. (Visa U.S.A.), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world. The Firm also offers fraud protection for account holders and rapid payment for merchants. The Firm provides its services to consumers, businesses, financial institutions and governments in over 200 countries and territories for electronic payments. The Firm provides a range of payment solutions that support payment products that issuers can offer to their account holders, including pay now with debit, pay ahead with prepaid or pay later with credit products. It also offers a suite of digital, e-commerce, person-to-person payments, and mobile services and products. These services facilitate transactions on its network among account holders, merchants, financial institutions and governments.
More recent Visa Inc (NYSE:V) news were published by: Fool.com which released: “Visa Inc. Earnings Surge 28%” on October 26, 2016. Also Fool.com published the news titled: “Better Buy: Visa Inc. vs. American Express” on October 31, 2016. Bloomberg.com‘s news article titled: “Mastercard, Visa Set to Reap Spoils of India’s War on Cash” with publication date: November 23, 2016 was also an interesting one.
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By Winifred Garcia