Visa (NYSE:V)‘s stock had its “buy” rating reissued by stock analysts at $1 in a research note issued on Tuesday.
Several other equities analysts also recently weighed in on the stock. Raymond James reissued an “outperform” rating and issued a $152.00 price target (down from $167.00) on shares of Visa in a research note on Thursday, January 31st. BMO Capital Markets raised their price target on shares of Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. SunTrust Banks reissued an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. Finally, Barclays began coverage on shares of Visa in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 price target on the stock. One analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $162.77.
Shares of NYSE V opened at $141.99 on Tuesday. Visa has a 52-week low of $116.03 and a 52-week high of $151.56. The stock has a market capitalization of $285.03 billion, a PE ratio of 30.80, a P/E/G ratio of 1.60 and a beta of 0.97. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last announced its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts predict that Visa will post 5.32 earnings per share for the current fiscal year.
In other Visa news, EVP William M. Sheedy sold 3,643 shares of Visa stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the transaction, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at $32,200,677.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William M. Sheedy sold 13,864 shares of Visa stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $144.97, for a total transaction of $2,009,864.08. The disclosure for this sale can be found here. Insiders have sold 100,764 shares of company stock worth $14,160,077 over the last ninety days. 0.17% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Godshalk Welsh Capital Management Inc. grew its holdings in shares of Visa by 5.3% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 5,266 shares of the credit-card processor’s stock valued at $695,000 after purchasing an additional 266 shares in the last quarter. Next Capital Management LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $157,000. Sound View Wealth Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $792,000. Bessemer Group Inc. grew its holdings in shares of Visa by 13.8% in the fourth quarter. Bessemer Group Inc. now owns 2,756,528 shares of the credit-card processor’s stock valued at $363,696,000 after purchasing an additional 333,343 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Visa by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 349,629 shares of the credit-card processor’s stock worth $46,131,000 after acquiring an additional 8,169 shares in the last quarter. 84.21% of the stock is currently owned by institutional investors and hedge funds.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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