Visa (NYSE:V)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a note issued to investors on Friday, January 5th. They currently have a $145.00 price objective on the credit-card processor’s stock. Barclays’ price objective points to a potential upside of 16.63% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cantor Fitzgerald initiated coverage on shares of Visa in a research note on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price on the stock. Buckingham Research lifted their target price on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $117.74 target price on the stock. in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $122.03.
Shares of Visa (V) opened at $124.33 on Friday. The company has a market cap of $281,760.00, a price-to-earnings ratio of 44.40, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa has a 1-year low of $81.50 and a 1-year high of $124.33.
In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the sale, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. iAB Financial Bank increased its stake in shares of Visa by 2.6% during the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after buying an additional 1,423 shares during the period. Heritage Trust Co increased its stake in shares of Visa by 51.4% during the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock worth $424,000 after buying an additional 1,535 shares during the period. Aviva PLC increased its stake in shares of Visa by 0.8% during the second quarter. Aviva PLC now owns 1,411,845 shares of the credit-card processor’s stock worth $132,432,000 after buying an additional 11,662 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Visa by 12.2% during the second quarter. Jacobi Capital Management LLC now owns 9,376 shares of the credit-card processor’s stock worth $892,000 after buying an additional 1,016 shares during the period. Finally, Fundsmith LLP increased its stake in shares of Visa by 5.3% during the second quarter. Fundsmith LLP now owns 5,217,623 shares of the credit-card processor’s stock worth $489,309,000 after buying an additional 262,930 shares during the period. Institutional investors own 81.58% of the company’s stock.
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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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