Visa Inc. (NYSE:V) was upgraded by equities research analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG lifted their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 target price on shares of Visa in a report on Sunday, June 25th. UBS AG reissued an “overweight” rating on shares of Visa in a report on Thursday, August 24th. BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, KeyCorp reissued a “buy” rating and issued a $110.00 target price on shares of Visa in a report on Friday, August 25th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $108.76.

Visa (NYSE V) traded up 0.28% during trading on Tuesday, reaching $107.31. 4,010,455 shares of the company’s stock were exchanged. Visa has a 12-month low of $75.17 and a 12-month high of $107.65. The stock’s 50-day moving average is $104.64 and its 200-day moving average is $97.15. The company has a market cap of $245.36 billion, a P/E ratio of 39.91 and a beta of 0.94.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Analysts predict that Visa will post $3.43 EPS for the current fiscal year.

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In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Krilogy Financial LLC grew its stake in shares of Visa by 0.3% during the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Visa by 0.7% during the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock worth $263,000 after acquiring an additional 20 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC grew its stake in shares of Visa by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares during the last quarter. Finally, WealthTrust Arizona LLC grew its stake in shares of Visa by 0.9% during the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

Visa Company Profile

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.

The Fly

Analyst Recommendations for Visa (NYSE:V)

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