Visa (NYSE:V) had its target price hoisted by Nomura from to in a research report sent to investors on Monday morning, The Fly reports. The firm currently has a buy rating on the credit-card processor’s stock.
A number of other research firms have also recently issued reports on V. Guggenheim set a $194.00 target price on Visa and gave the stock a buy rating in a report on Friday, October 25th. Jefferies Financial Group set a $210.00 target price on Visa and gave the stock a buy rating in a report on Friday, October 25th. Raymond James increased their target price on Visa from $193.00 to $205.00 and gave the stock an outperform rating in a report on Friday, October 25th. Wells Fargo & Co increased their target price on Visa from $200.00 to $213.00 and gave the stock an overweight rating in a report on Monday, January 6th. Finally, Compass Point initiated coverage on Visa in a report on Thursday, December 5th. They set a buy rating for the company. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $204.58.
V stock opened at $199.80 on Monday. The stock has a 50-day moving average price of $187.32 and a two-hundred day moving average price of $180.29. The stock has a market cap of $385.85 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa has a 1 year low of $133.30 and a 1 year high of $200.15.
Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The firm had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. On average, analysts forecast that Visa will post 6.2 earnings per share for the current fiscal year.
In other news, EVP William M. Sheedy sold 21,164 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the transaction, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $189.31, for a total transaction of $1,325,170.00. Following the transaction, the chief executive officer now owns 150,514 shares of the company’s stock, valued at $28,493,805.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,480 shares of company stock valued at $10,606,182. Company insiders own 0.17% of the company’s stock.
A number of large investors have recently modified their holdings of V. Nuveen Asset Management LLC lifted its stake in Visa by 3,715.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock valued at $2,827,471,000 after purchasing an additional 15,864,991 shares during the last quarter. Johanson Financial Advisors Inc. lifted its stake in Visa by 18,464.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 5,185,286 shares of the credit-card processor’s stock valued at $27,592,000 after purchasing an additional 5,157,354 shares during the last quarter. BlackRock Inc. lifted its stake in Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after purchasing an additional 2,773,330 shares during the last quarter. Vanguard Group Inc. lifted its stake in Visa by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock valued at $25,507,824,000 after purchasing an additional 1,615,505 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Visa by 18.0% in the 2nd quarter. Invesco Ltd. now owns 8,778,588 shares of the credit-card processor’s stock valued at $1,523,524,000 after purchasing an additional 1,339,875 shares during the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.
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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