In today’s session Visa Inc (V) registered an unusually high (18,414) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious V increase. With 18,414 contracts traded and 26474 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: V161216C00080000 closed last at: $1.45 or 50.7% down. About 1.30M shares traded hands. Visa Inc (NYSE:V) has declined 2.19% since April 14, 2016 and is downtrending. It has underperformed by 6.88% the S&P500.
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. $97 is the highest target while $70 is the lowest. The $84.85 average target is 6.85% above today’s ($79.41) stock price. Visa Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by S&P Research given on Tuesday, July 28. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 3. The rating was maintained by Stifel Nicolaus on Tuesday, October 25 with “Buy”. The stock of Visa Inc (NYSE:V) has “Hold” rating given on Friday, July 24 by Topeka Capital Markets. On Monday, October 19 the stock rating was maintained by Oppenheimer with “Outperform”. The company was initiated on Thursday, October 22 by Wells Fargo. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The rating was upgraded by Vetr to “Hold” on Tuesday, September 1. JP Morgan upgraded the stock to “Overweight” rating in Monday, June 6 report. Bernstein maintained the stock with “Outperform” rating in Wednesday, August 12 report.
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 2016 Q2. 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.
First Republic Mngmt accumulated 780,667 shares or 0.56% of the stock. Jackson Square Ltd Liability Corporation accumulated 13.85 million shares or 4.84% of the stock. Dorsey Wright Assocs holds 11,110 shares or 0.44% of its portfolio. Blume Capital Management Incorporated reported 1,800 shares or 0.13% of all its holdings. The California-based Insight Capital Management has invested 1.13% in Visa Inc (NYSE:V). Rdl Finance Inc has invested 1.97% of its portfolio in Visa Inc (NYSE:V). Moreover, Jump Trading Limited Liability Corporation has 0.14% invested in Visa Inc (NYSE:V) for 43,463 shares. Putnam Fl Inv accumulated 260,633 shares or 2.29% of the stock. Ipg Investment Advsrs, a California-based fund reported 4,573 shares. Hennessy Inc accumulated 32,995 shares or 0.07% of the stock. Pittenger And Anderson has 108,287 shares for 0.89% of their US portfolio. Fund Management holds 0.84% or 1.21M shares in its portfolio. Pacific Alternative Asset Management Company Ltd Liability holds 1.87% or 49,488 shares in its portfolio. The Montana-based Davidson Invest Advisors has invested 0.01% in Visa Inc (NYSE:V). First Midwest Savings Bank Tru Division has invested 0.32% of its portfolio in Visa Inc (NYSE:V).
Insider Transactions: Since October 28, 2016, the stock had 0 insider buys, and 2 sales for $65.42 million net activity. Shares for $63.88M were sold by SCHARF CHARLES W on Friday, October 28. Another trade for 18,500 shares valued at $1.53M was sold by MCINERNEY RYAN.
Visa Inc. is a payments technology company. The company has a market cap of $179.89 billion. The Firm and its subsidiaries, including Visa U.S.A. It has a 32.02 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 notable recent Visa Inc (NYSE:V) news were published by: Seekingalpha.com which released: “A Dividend Growth Dream – Visa Checks All Of The Boxes” on November 14, 2016, also Seekingalpha.com with their article: “Visa: Pullback Play” published on November 16, 2016, Fool.com published: “Better Buy: Visa Inc. vs. American Express” on October 31, 2016. More interesting news about Visa Inc (NYSE:V) were released by: Nasdaq.com and their article: “Visa Inc. (V) Ex-Dividend Date Scheduled for November 16, 2016” published on November 15, 2016 as well as Fool.com‘s news article titled: “Visa Inc. Earnings Surge 28%” with publication date: October 26, 2016.
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