Visa (NYSE:V) had its price target raised by stock analysts at Oppenheimer from $125.00 to $143.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the credit-card processor’s stock. Oppenheimer’s target price would suggest a potential upside of 14.33% from the company’s previous close.
A number of other research analysts have also recently weighed in on the company. Susquehanna Bancshares raised their price target on Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $120.00 price objective on shares of Visa in a research note on Wednesday, October 25th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group increased their price objective on Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $123.58.
Visa (V) traded up $0.53 during trading hours on Thursday, reaching $125.08. The company’s stock had a trading volume of 1,034,603 shares, compared to its average volume of 7,630,000. The stock has a market capitalization of $283,460.00, a PE ratio of 44.67, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. Visa has a 1 year low of $81.57 and a 1 year high of $125.51.
In related news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares in the company, valued at approximately $77,005.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the sale, 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 worth $6,597,262. Company insiders own 0.14% of the company’s stock.
A number of hedge funds have recently bought and sold shares of V. Welch Investments LLC acquired a new position in shares of Visa in the 3rd quarter worth approximately $101,000. Cordasco Financial Network acquired a new position in shares of Visa in the 3rd quarter worth approximately $105,000. Motco grew its position in shares of Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Visa in the 3rd quarter worth approximately $110,000. Finally, BDO Wealth Advisors LLC acquired a new position in shares of Visa in the 2nd quarter worth approximately $115,000. Institutional investors own 81.58% 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.
