Visa Inc. (NYSE:V) had its price objective raised by Deutsche Bank AG from $124.00 to $150.00 in a research report sent to investors on Monday. They currently have a buy rating on the credit-card processor’s stock.
A number of other analysts also recently issued reports on V. Vetr upgraded shares of Visa from a hold rating to a buy rating and set a $93.85 price objective for the company in a report on Monday, March 20th. Jefferies Group LLC set a $96.00 price objective on shares of Visa and gave the stock a buy rating in a report on Saturday, March 25th. Cowen and Company restated an outperform rating and set a $100.00 price objective on shares of Visa in a report on Monday, March 27th. Credit Suisse Group restated a hold rating on shares of Visa in a report on Wednesday, March 29th. Finally, Piper Jaffray Companies restated a neutral rating and set a $45.00 price objective on shares of Visa in a report on Friday, April 14th. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $98.60.
Shares of Visa (NYSE:V) traded up 0.49% during mid-day trading on Monday, hitting $95.56. 4,133,500 shares of the company traded hands. Visa has a one year low of $74.79 and a one year high of $96.60. The stock has a market capitalization of $220.40 billion, a price-to-earnings ratio of 47.68 and a beta of 0.93. The firm has a 50-day moving average of $94.45 and a 200-day moving average of $88.30.
Visa (NYSE:V) last announced its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.29 billion. Visa had a net margin of 28.78% and a return on equity of 29.14%. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, equities analysts predict that Visa will post $3.37 earnings per share for the current year.
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In other Visa news, Vice Chairman Ellen Richey sold 31,260 shares of Visa stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Investment Consultants LLC increased its position in shares of Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock valued at $263,000 after buying an additional 20 shares during the last quarter. Mercer Capital Advisers Inc. increased its position 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 valued at $104,000 after buying an additional 25 shares during the last quarter. Smithfield Trust Co. increased its position in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after buying an additional 25 shares during the last quarter. Nicolet Bankshares Inc. increased its position in shares of Visa by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock valued at $828,000 after buying an additional 27 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Visa by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock valued at $533,000 after buying an additional 27 shares during the last quarter. 83.40% of the stock is currently owned by 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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