Visa’s (V) “Buy” Rating Reaffirmed at Stephens

Stephens reaffirmed their buy rating on shares of Visa (NYSE:V) in a report published on Wednesday. The firm currently has a $135.00 price target on the credit-card processor’s stock.

V has been the topic of several other research reports. Wells Fargo & Co upgraded shares of Visa from a market perform rating to an outperform rating and increased their price target for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. Zacks Investment Research lowered Visa from a buy rating to a hold rating in a research report on Tuesday, October 31st. Cantor Fitzgerald began coverage on Visa in a research report on Thursday, September 28th. They issued an overweight rating and a $120.00 price objective on the stock. Vetr lowered Visa from a buy rating to a hold rating and set a $121.05 price objective on the stock. in a research report on Monday, January 8th. Finally, Buckingham Research upped their price objective on Visa from $129.00 to $130.00 and gave the stock a buy rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $122.03.

Shares of Visa (NYSE:V) traded up $0.25 during trading hours on Wednesday, reaching $120.09. 5,559,600 shares of the company traded hands, compared to its average volume of 8,920,000. Visa has a one year low of $80.51 and a one year high of $120.48. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $272,150.00, a P/E ratio of 42.89, a PEG ratio of 1.75 and a beta of 0.99.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. research analysts anticipate that Visa will post 4.07 EPS for the current year.

In other news, 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 transaction of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares in the company, valued at approximately $8,661,119.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock worth $6,597,262 in the last quarter. Insiders own 0.14% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. acquired a new position in Visa in the 2nd quarter valued at $958,000. Welch Investments LLC acquired a new position in Visa in the 3rd quarter valued at $101,000. Cordasco Financial Network acquired a new position in Visa in the 3rd quarter valued at $105,000. Massey Quick Simon & CO. LLC acquired a new position in Visa in the 3rd quarter valued at $110,000. Finally, Motco raised its stake in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after purchasing an additional 236 shares during the last quarter. 81.50% of the stock is owned by hedge funds and other institutional investors.

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About Visa

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.

Analyst Recommendations for Visa (NYSE:V)

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