Visa Inc (NYSE:V) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $93.85 price objective on the credit-card processor’s stock. Vetr‘s price target points to a potential upside of 5.24% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price objective on shares of Visa in a research report on Wednesday, March 1st. Deutsche Bank AG restated a “buy” rating and issued a $103.00 price objective on shares of Visa in a research report on Tuesday, March 14th. Sanford C. Bernstein restated a “buy” rating and issued a $97.00 price objective on shares of Visa in a research report on Monday, November 28th. Stifel Nicolaus dropped their target price on shares of Visa from $105.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Finally, Loop Capital began coverage on shares of Visa in a research report on Tuesday, February 14th. They set a “buy” rating and a $98.00 target price for the company. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Visa has a consensus rating of “Buy” and an average target price of $94.31.
Shares of Visa (NYSE:V) traded down 1.17% during trading on Monday, reaching $89.18. 9,438,042 shares of the company’s stock traded hands. The company has a market cap of $207.26 billion, a price-to-earnings ratio of 34.57 and a beta of 1.00. Visa has a 52-week low of $72.77 and a 52-week high of $92.05. The company’s 50-day moving average is $87.29 and its 200 day moving average is $82.61.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company earned $4.46 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business earned $0.69 earnings per share. Visa’s revenue was up 25.1% compared to the same quarter last year. Equities analysts forecast that Visa will post $3.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Wednesday, February 15th. Visa’s payout ratio is currently 26.09%.
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In other Visa news, EVP William M. Sheedy sold 125,372 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the transaction, the executive vice president now directly owns 365,769 shares of the company’s stock, valued at approximately $31,361,034.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP James H. Hoffmeister sold 11,139 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the transaction, the senior vice president now directly owns 6,390 shares in the company, valued at $549,220.50. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of V. Lombard Odier Transatlantic Limited Partnership increased its position in shares of Visa by 57.5% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock worth $104,000 after buying an additional 460 shares during the last quarter. Pacific Center for Financial Services bought a new position in shares of Visa during the fourth quarter worth about $138,000. Duncker Streett & Co. Inc. increased its position in shares of Visa by 3.8% in the third quarter. Duncker Streett & Co. Inc. now owns 1,683 shares of the credit-card processor’s stock worth $139,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Visa during the fourth quarter worth about $160,000. Finally, Adirondack Trust Co. increased its position in shares of Visa by 20.3% in the third quarter. Adirondack Trust Co. now owns 2,160 shares of the credit-card processor’s stock worth $178,000 after buying an additional 365 shares during the last quarter. 80.14% of the stock is currently owned by institutional investors and hedge funds.
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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