Could Visa Inc. (V) Change Direction After Achieving 52-Week High?

January 23, 2018 - By Clifton Ray

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It dived, as 48 investors sold Visa Inc. shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported.
Motco holds 1,176 shares. Falcon Point Capital Ltd Liability Corporation holds 1,836 shares. The Connecticut-based Cubist Systematic Strategies Limited Co has invested 0.22% in Visa Inc. (NYSE:V). Dt Partners Limited Liability reported 3,127 shares. Wafra Inv Advisory Grp Incorporated New York has 0.07% invested in Visa Inc. (NYSE:V) for 14,444 shares. Obermeyer Wood Investment Counsel Lllp has 9,684 shares. Mitsubishi Ufj Securities holds 0.76% or 1,520 shares in its portfolio. Segall Bryant Hamill Ltd holds 559,428 shares or 1.37% of its portfolio. Amundi Pioneer Asset Management holds 0.85% of its portfolio in Visa Inc. (NYSE:V) for 2.54 million shares. Churchill Mgmt holds 0.11% or 42,685 shares. Burns J W Ny invested in 160,272 shares or 4.5% of the stock. Israel-based Menora Mivtachim Limited has invested 3.8% in Visa Inc. (NYSE:V). 2,898 were reported by Destination Wealth Management. Robeco Institutional Asset Mngmt Bv has invested 0.85% in Visa Inc. (NYSE:V). Kentucky Retirement Sys reported 113,362 shares.

Since August 17, 2017, it had 0 insider buys, and 3 insider sales for $7.43 million activity. $1.07M worth of Visa Inc. (NYSE:V) was sold by CRANSTON MARY B. 49,702 shares were sold by MAHON TULLIER KELLY, worth $5.65M.

The stock of Visa Inc. (NYSE:V) hit a new 52-week high and has $129.47 target or 4.00 % above today’s $124.49 share price. The 8 months bullish chart indicates low risk for the $282.12 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $129.47 price target is reached, the company will be worth $11.28B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.13% or $0.16 during the last trading session, reaching $124.49. About 4.07 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 23, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 EPS, up 12.79 % or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 32.09 P/E if the $0.97 EPS becomes a reality. After $0.90 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78 % EPS growth.

Visa Inc. (NYSE:V) Ratings Coverage

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of V in report on Friday, July 24 with “Outperform” rating. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Stephens maintained the stock with “Buy” rating in Tuesday, January 9 report. The rating was maintained by RBC Capital Markets on Friday, September 22 with “Buy”. The rating was upgraded by Wedbush on Friday, January 20 to “Outperform”. Wedbush maintained it with “Buy” rating and $11000 target in Wednesday, July 19 report. KeyBanc Capital Markets maintained Visa Inc. (NYSE:V) on Wednesday, October 18 with “Buy” rating. The company was maintained on Friday, April 21 by RBC Capital Markets. Cowen & Co maintained the shares of V in report on Friday, January 12 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report.

More notable recent Visa Inc. (NYSE:V) news were published by: Fool.com which released: “Better Stock: Visa Inc. (V) vs. Mastercard (MA)” on January 22, 2018, also Investorplace.com with their article: “Why Visa Inc Stock Is Charged Up Heading Into Earnings” published on January 18, 2018, Fool.com published: “Better Buy: Visa Inc. vs. Square” on January 02, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Is Visa The Best Company Ever?” published on January 09, 2018 as well as Bloomberg.com‘s news article titled: “Visa Won’t Require Signatures, a Move Wal-Mart Long Sought” with publication date: January 12, 2018.

Visa Inc. operates as a payments technology firm worldwide. The company has market cap of $282.12 billion. The firm facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It has a 44.47 P/E ratio. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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