Visa Inc Is a Sell; Strong Momentum from Option Traders

 Visa Inc Is a Sell; Strong Momentum from Option Traders

In today’s session Visa Inc (V) recorded an unusually high (196) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious V decrease. With 196 contracts traded and 5904 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: V170317P00075000 closed last at: $1.75 or 1.7% down. About 3.18M shares traded hands. Visa Inc (NYSE:V) has risen 9.07% since March 29, 2016 and is uptrending. It has outperformed by 5.60% the S&P500.

Analysts await Visa Inc (NYSE:V) to report earnings on November, 7. They expect $0.73 EPS, up 17.74% or $0.11 from last year’s $0.62 per share. V’s profit will be $1.73B for 28.32 P/E if the $0.73 EPS becomes a reality. After $0.69 actual EPS reported by Visa Inc for the previous quarter, Wall Street now forecasts 5.80% EPS growth.

Visa Inc (NYSE:V) Ratings Coverage

Out of 21 analysts covering Visa Inc. (NYSE:V), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. Visa Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was maintained by Bernstein. RBC Capital Markets maintained Visa Inc (NYSE:V) on Friday, July 24 with “Outperform” rating. The stock of Visa Inc (NYSE:V) has “Buy” rating given on Tuesday, October 25 by UBS. Stifel Nicolaus maintained Visa Inc (NYSE:V) on Tuesday, October 25 with “Buy” rating. The stock of Visa Inc (NYSE:V) earned “Mkt Perform” rating by FBR Capital on Friday, July 24. On Tuesday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Tuesday, October 25 by Guggenheim. Barclays Capital maintained the shares of V in a report on Monday, May 16 with “Overweight” rating. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Monday, October 19 by Oppenheimer. The firm has “Overweight” rating by JP Morgan given on Monday, June 6.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.07, from 1.06 in 2016Q1. The ratio worsened, as 54 funds sold all Visa Inc shares owned while 562 reduced positions. 108 funds bought stakes while 500 increased positions. They now own 1.67 billion shares or 5.23% less from 1.76 billion shares in 2016Q1.
Qci Asset Ny, a New York-based fund reported 356 shares. Glacier Peak Cap Llc holds 4.32% or 55,000 shares in its portfolio. Dekabank Deutsche Girozentrale holds 0.74% or 846,471 shares in its portfolio. Sandy Spring Fincl Bank holds 0.14% of its portfolio in Visa Inc (NYSE:V) for 16,043 shares. Timber Creek Capital Ltd Limited Liability Company last reported 63,633 shares in the company. Hengistbury Invest Partners Ltd Liability Partnership accumulated 1.77 million shares or 26.14% of the stock. Wells Fargo Mn has invested 0.55% of its portfolio in Visa Inc (NYSE:V). The Indiana-based Old National Commercial Bank In has invested 1.57% in Visa Inc (NYSE:V). The Texas-based Dimensional Fund Advisors L P has invested 0.17% in Visa Inc (NYSE:V). Commercial Bank Of The West holds 0.92% of its portfolio in Visa Inc (NYSE:V) for 86,951 shares. Glg Partners Limited Partnership holds 0.09% or 42,500 shares in its portfolio. The New York-based Jpmorgan Chase & has invested 0.53% in Visa Inc (NYSE:V). Airain last reported 131,056 shares in the company. Ameriprise Fincl Inc last reported 23.22 million shares in the company. Artisan Prtn Partnership holds 5.61M shares or 0.88% of its portfolio.

Insider Transactions: Since October 28, 2016, the stock had 0 insider purchases, and 1 insider sale for $63.88 million net activity. $63.88 million worth of shares were sold by SCHARF CHARLES W on Friday, October 28.

Visa Inc. is a payments technology company. The company has a market cap of $195.91 billion. The Firm and its subsidiaries, including Visa U.S.A. It has a 33.34 P/E ratio. Inc. , Visa International Service Association (Visa International), Visa Worldwide Pte.

V Company Profile

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 important recent Visa Inc (NYSE:V) news were published by: Fool.com which released: “Better Buy: Visa Inc. vs. American Express” on October 31, 2016, also Fool.com published article titled: “Visa Inc. Earnings Surge 28%”, Businesswire.com published: “Visa and Intel Collaborate to Drive Better Payment Security for Connected Devices” on October 24, 2016. More interesting news about Visa Inc (NYSE:V) was released by: Wsj.com and their article: “Visa CEO Charles Scharf Is Stepping Down” with publication date: October 17, 2016.

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