Visa (NYSE:V) had its target price raised by research analysts at Susquehanna Bancshares from $126.00 to $148.00 in a report issued on Thursday. Susquehanna Bancshares’ target price points to a potential upside of 29.80% from the stock’s current price.
Other analysts have also issued research reports about the company. Mizuho reissued a “buy” rating and set a $115.00 price target on shares of Visa in a report on Thursday, October 12th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Tuesday, September 19th. BMO Capital Markets boosted their target price on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $113.35 target price on the stock. in a research note on Wednesday, October 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $122.00 price objective on shares of Visa in a research note on Tuesday, September 26th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $118.99.
Visa (NYSE:V) traded up $1.03 during midday trading on Thursday, hitting $114.02. The stock had a trading volume of 7,073,000 shares, compared to its average volume of 7,691,341. The company has a market capitalization of $233,453.23, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. Visa has a 52-week low of $77.94 and a 52-week high of $114.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares in the company, valued at approximately $77,005.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now owns 57,368 shares in the company, valued at $6,526,183.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,068 shares of company stock valued at $6,597,262. Corporate insiders own 0.14% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Jennison Associates grew its position in shares of Visa by 21.6% in the 3rd quarter. Jennison Associates now owns 28,055,431 shares of the credit-card processor’s stock worth $1,954,341,000 after buying an additional 4,977,221 shares during the last quarter. Perigon Wealth Management lifted its stake in shares of Visa by 284.3% in the 3rd quarter. Perigon Wealth Management now owns 32,618 shares of the credit-card processor’s stock valued at $2,272,000 after purchasing an additional 24,130 shares during the period. Terra Nova Asset Management purchased a new position in shares of Visa in the 3rd quarter valued at approximately $475,000. ING Groep lifted its stake in shares of Visa by 10.5% in the 3rd quarter. ING Groep now owns 1,069,012 shares of the credit-card processor’s stock valued at $74,168,000 after purchasing an additional 101,292 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in shares of Visa in the 3rd quarter valued at approximately $21,356,000. 81.50% of the stock is owned by institutional investors.
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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.
