Visa Inc (NYSE:V) – Equities researchers at Wedbush upped their Q2 2018 earnings per share (EPS) estimates for shares of Visa in a research report issued on Monday. Wedbush analyst M. Katri now anticipates that the credit-card processor will earn $1.00 per share for the quarter, up from their prior forecast of $0.99. Wedbush also issued estimates for Visa’s Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $4.82 EPS.
Several other research firms also recently commented on V. Mizuho reaffirmed a “buy” rating and set a $115.00 price objective on shares of Visa in a report on Thursday, October 12th. Citigroup reaffirmed a “buy” rating and set a $136.00 price objective (up from $124.00) on shares of Visa in a report on Friday, January 12th. BMO Capital Markets upped their price objective on shares of Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective on the stock. in a report on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $122.00 price objective on shares of Visa in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $122.03.
Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share.
In related news, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the transaction, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of V. First Financial Bank Trust Division grew its position in Visa by 2.3% during the second quarter. First Financial Bank Trust Division now owns 81,970 shares of the credit-card processor’s stock valued at $7,687,000 after acquiring an additional 1,858 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Visa by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 1,242,349 shares of the credit-card processor’s stock valued at $116,507,000 after purchasing an additional 3,331 shares during the period. Pennsylvania Trust Co boosted its stake in shares of Visa by 43.3% during the second quarter. Pennsylvania Trust Co now owns 258,591 shares of the credit-card processor’s stock valued at $24,251,000 after purchasing an additional 78,113 shares during the period. Vontobel Asset Management Inc. boosted its stake in shares of Visa by 9.0% during the second quarter. Vontobel Asset Management Inc. now owns 5,543,018 shares of the credit-card processor’s stock valued at $530,630,000 after purchasing an additional 457,764 shares during the period. Finally, Stokes & Hubbell Capital Management LLC boosted its stake in shares of Visa by 26.9% during the second quarter. Stokes & Hubbell Capital Management LLC now owns 3,337 shares of the credit-card processor’s stock valued at $313,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 81.58% of the company’s stock.
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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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