Visa (NYSE:V) has been given a $129.00 target price by stock analysts at Credit Suisse Group in a report issued on Monday, January 8th. The firm currently has a “buy” rating on the credit-card processor’s stock. Credit Suisse Group’s price objective indicates a potential upside of 7.42% from the stock’s current price.
Several other brokerages have also recently issued reports on V. BMO Capital Markets reaffirmed an “outperform” rating on shares of Visa in a research note on Tuesday, September 12th. Vetr raised shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 target price on the stock in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Tuesday, September 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $124.00 target price on shares of Visa in a research note on Friday, September 22nd. Finally, Robert W. Baird restated a “buy” rating and issued a $122.00 price objective on shares of Visa in a research note on Tuesday, September 26th. Four 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. Visa currently has an average rating of “Buy” and an average target price of $122.03.
Visa (NYSE V) traded up $0.25 during trading on Monday, hitting $120.09. 5,585,700 shares of the stock traded hands, compared to its average volume of 6,855,967. The firm has a market capitalization of $272,150.00, a price-to-earnings ratio of 42.89, a P/E/G ratio of 1.75 and a beta of 0.99. Visa has a 52 week low of $80.76 and a 52 week high of $120.48. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
In related news, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,068 shares of company stock worth $6,597,262. Corporate insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd boosted its holdings in shares of Visa by 711.7% in the 1st quarter. BlueCrest Capital Management Ltd now owns 271,724 shares of the credit-card processor’s stock valued at $24,148,000 after buying an additional 238,249 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Visa by 4.2% during the 1st quarter. AQR Capital Management LLC now owns 495,297 shares of the credit-card processor’s stock valued at $44,017,000 after purchasing an additional 19,848 shares during the last quarter. National Asset Management Inc. lifted its holdings in Visa by 5.4% during the 1st quarter. National Asset Management Inc. now owns 25,136 shares of the credit-card processor’s stock valued at $2,237,000 after purchasing an additional 1,298 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Visa by 32.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,828 shares of the credit-card processor’s stock valued at $2,029,000 after purchasing an additional 5,528 shares during the last quarter. Finally, Colony Group LLC lifted its holdings in Visa by 7.2% during the 1st quarter. Colony Group LLC now owns 7,923 shares of the credit-card processor’s stock valued at $704,000 after purchasing an additional 533 shares during the last quarter. 81.55% of the stock is owned by institutional investors and hedge funds.
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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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