Several other equities research analysts have also issued reports on the stock. Robert W. Baird reissued an outperform rating and issued a $128.00 target price (up from $122.00) on shares of Visa in a report on Monday, October 2nd. Buckingham Research began coverage on shares of Visa in a report on Monday, October 2nd. They issued a buy rating and a $129.00 target price for the company. Cantor Fitzgerald began coverage on Visa in a research note on Thursday, September 28th. They issued an overweight rating and a $120.00 price target for the company. Vetr upgraded Visa from a hold rating to a buy rating and set a $108.51 price target for the company in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada restated a buy rating and issued a $124.00 price target on shares of Visa in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $110.66.
Shares of Visa (V) opened at 108.30 on Wednesday. The company’s 50 day moving average is $105.24 and its 200-day moving average is $97.71. The firm has a market capitalization of $247.62 billion, a price-to-earnings ratio of 40.28 and a beta of 0.94. Visa has a one year low of $75.17 and a one year high of $109.26.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.90% and a net margin of 45.10%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Visa’s revenue was up 25.8% on a year-over-year basis. Equities analysts expect that Visa will post $3.43 EPS for the current year.
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In other news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Visa in the second quarter worth approximately $958,000. Mercer Capital Advisers Inc. boosted its stake in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the last quarter. Motco boosted its stake in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Visa in the second quarter worth approximately $123,000. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Visa in the second quarter worth approximately $115,000. 81.65% of the stock is currently owned by hedge funds and other institutional investors.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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