Visa Short Interest Down 14.2% in May (V)
Shares of Visa (NYSE:V) were the recipient of a significant decline in short interest in May. As of May 30th, there was short interest totalling 14,621,076 shares, a decline of 14.2% from the May 15th total of 17,031,105 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 2,336,873 shares, the days-to-cover ratio is presently 6.3 days. Approximately 2.9% of the shares of the stock are short sold.
In other Visa news, EVP Antonio Lucio sold 7,304 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $210.88, for a total transaction of $1,540,267.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
V has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note on Wednesday, June 18th. They now have a $221.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Visa in a research note on Wednesday, May 14th. They now have a $268.00 price target on the stock. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $240.41.
Visa (NYSE:V) opened at 207.79 on Wednesday. Visa has a 1-year low of $170.99 and a 1-year high of $235.50. The stock has a 50-day moving average of $211.0 and a 200-day moving average of $215.4. The company has a market cap of $130.5 billion and a P/E ratio of 24.78.
Visa (NYSE:V) last announced its earnings results on Thursday, April 24th. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.18 by $0.34. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Visa will post $8.99 earnings per share for the current fiscal year.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments.
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