Visa Inc. (NYSE:V) had its price target increased by research analysts at Jefferies Group LLC from $125.00 to $127.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the credit-card processor’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 15.76% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Buckingham Research raised their price target on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday. Nomura raised their price target on shares of Visa from $120.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday. Barclays PLC raised their price target on shares of Visa from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday. Loop Capital raised their price target on shares of Visa from $111.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday. Finally, SunTrust Banks, Inc. raised their price target on shares of Visa from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus price target of $116.01.

Shares of Visa (NYSE V) traded down 0.55% during midday trading on Monday, reaching $109.11. 929,485 shares of the company’s stock traded hands. Visa has a 12 month low of $75.17 and a 12 month high of $110.74. The stock has a market cap of $249.47 billion, a P/E ratio of 40.58 and a beta of 0.94. The stock has a 50 day moving average of $106.44 and a 200-day moving average of $98.96.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. On average, equities research analysts forecast that Visa will post $4.06 EPS for the current fiscal year.

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In related news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Ngam Advisors L.P. grew its position in Visa by 7.4% during the 2nd quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock valued at $83,923,000 after purchasing an additional 78,447 shares during the last quarter. Jennison Associates grew its position in Visa by 21.6% during the 3rd quarter. Jennison Associates now owns 28,055,431 shares of the credit-card processor’s stock valued at $1,954,341,000 after purchasing an additional 4,977,221 shares during the last quarter. JPMorgan Chase & Co. grew its position in Visa by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after purchasing an additional 1,061,427 shares during the last quarter. Schnieders Capital Management LLC grew its position in Visa by 5.6% during the 4th quarter. Schnieders Capital Management LLC now owns 19,858 shares of the credit-card processor’s stock valued at $1,540,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Wallington Asset Management LLC grew its position in Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after purchasing an additional 2,090 shares during the last quarter. 81.75% of the stock is currently owned by institutional investors.

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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