Shares of Visa Inc. (NYSE:V) have been given a consensus recommendation of “Buy” by the thirty-two brokerages that are currently covering the company. Two analysts have rated the stock with a hold recommendation, twenty-nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $93.35.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Tuesday, February 7th. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $87.15 price target for the company. in a research report on Monday, February 6th. Stifel Nicolaus cut their price target on shares of Visa from $105.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Jefferies Group LLC restated a “buy” rating and set a $93.00 price target on shares of Visa in a research report on Friday, February 3rd. Finally, Wedbush upgraded shares of Visa from a “neutral” rating to an “outperform” rating and upped their price target for the company from $77.00 to $96.00 in a research report on Friday, January 20th.
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Visa (NYSE:V) traded up 0.51% during trading on Monday, hitting $86.34. The stock had a trading volume of 2,549,120 shares. Visa has a 1-year low of $69.12 and a 1-year high of $86.82. The firm has a market capitalization of $200.66 billion, a PE ratio of 33.47 and a beta of 1.00. The firm has a 50 day moving average price of $82.11 and a 200-day moving average price of $81.09.
Visa (NYSE:V) last announced its earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company earned $4.46 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, equities research analysts expect that Visa will post $3.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Friday, February 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, February 15th. Visa’s dividend payout ratio is currently 26.09%.
In other Visa news, SVP James H. Hoffmeister sold 11,139 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total value of $957,397.05. Following the transaction, the senior vice president now directly owns 6,390 shares in the company, valued at $549,220.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 125,372 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the completion of the transaction, the executive vice president now owns 365,769 shares in the company, valued at $31,361,034.06. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Weybosset Research & Management LLC increased its stake in shares of Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock valued at $232,000 after buying an additional 25 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its stake in shares of Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock valued at $359,000 after buying an additional 28 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in shares of Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock valued at $608,000 after buying an additional 30 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Visa by 0.7% in the third quarter. Tradewinds Capital Management LLC now owns 5,014 shares of the credit-card processor’s stock valued at $415,000 after buying an additional 35 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its stake in shares of Visa by 1.4% in the third quarter. Enterprise Financial Services Corp now owns 2,536 shares of the credit-card processor’s stock valued at $210,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.
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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