Time to Reconsider Visa Inc (NYSE:V) After Less Short Sellers?

March 14, 2018 - By Dolores Ford

 Time to Reconsider Visa Inc (NYSE:V) After Less Short Sellers?

Investors sentiment decreased to 1 in Q3 2017. 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.
Klingenstein Fields & Ltd Liability Company holds 0.09% or 23,190 shares in its portfolio. Mitchell Mngmt, a Kansas-based fund reported 85,903 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 1.39% or 324,208 shares in its portfolio. Mairs And Power holds 7,916 shares or 0.01% of its portfolio. Torray Lc reported 2.47% stake. Northstar Group Inc, a New York-based fund reported 2,263 shares. Cambridge Investment Rech Advisors Inc owns 0.32% invested in Visa Inc. (NYSE:V) for 229,059 shares. Cornerstone invested in 4.2% or 228,013 shares. Moreover, Goldman Sachs has 0.46% invested in Visa Inc. (NYSE:V) for 17.70M shares. Laurion Cap Management Limited Partnership has 122,953 shares. Ims Management owns 0.34% invested in Visa Inc. (NYSE:V) for 5,080 shares. Lazard Asset Management Lc owns 4.05 million shares or 0.85% of their US portfolio. Moreover, Vnbtrust National Association has 0.08% invested in Visa Inc. (NYSE:V) for 1,905 shares. Agf Invs owns 265,590 shares or 0.31% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation holds 475,900 shares or 0.47% of its portfolio.

Since December 13, 2017, it had 0 buys, and 3 selling transactions for $6.56 million activity. Another trade for 1,712 shares valued at $205,440 was made by Biggar Lynne on Wednesday, February 14. 6,220 shares were sold by MATSCHULLAT ROBERT W, worth $707,561.

The stock of Visa Inc (NYSE:V) registered a decrease of 8% in short interest. V’s total short interest was 24.73M shares in March as published by FINRA. Its down 8% from 26.88 million shares, reported previously. With 7.47M shares average volume, it will take short sellers 3 days to cover their V’s short positions. The short interest to Visa Inc’s float is 1.37%.

The stock decreased 0.50% or $0.62 during the last trading session, reaching $122.58. About 7.68 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since March 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Visa Inc. operates as a payments technology firm worldwide. The company has market cap of $276.65 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 40.72 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.

Visa Inc. (NYSE:V) Ratings Coverage

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 13 by Piper Jaffray. On Friday, August 11 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained Visa Inc. (NYSE:V) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $141.0 target. RBC Capital Markets maintained the shares of V in report on Thursday, July 20 with “Buy” rating. On Thursday, October 22 the stock rating was initiated by Wells Fargo with “Outperform”. JP Morgan maintained the stock with “Overweight” rating in Friday, August 14 report. The firm earned “Buy” rating on Thursday, December 28 by Susquehanna. UBS maintained Visa Inc. (NYSE:V) on Tuesday, October 25 with “Buy” rating. The rating was downgraded by S&P Research on Tuesday, July 28 to “Hold”. The rating was maintained by Cowen & Co on Friday, January 12 with “Buy”.

Another recent and important Visa Inc. (NYSE:V) news was published by Fool.com which published an article titled: “Is Visa Inc. a Buy?” on February 22, 2018.

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