Visa (NYSE:V) had its price objective increased by Morgan Stanley from $137.00 to $140.00 in a note issued to investors on Friday. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s price target suggests a potential upside of 14.84% from the stock’s previous close.
A number of other brokerages have also issued reports on V. Nomura reduced their target price on shares of Visa from $148.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday. Piper Jaffray Companies upped their target price on shares of Visa from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday. Cantor Fitzgerald upped their target price on shares of Visa to $141.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp upped their target price on shares of Visa from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Visa in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.55.
Shares of Visa (NYSE V) traded down $3.81 during trading on Friday, reaching $121.91. 3,189,908 shares of the company’s stock traded hands, compared to its average volume of 7,099,567. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $276,520.00, a PE ratio of 40.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03. Visa has a 1 year low of $84.88 and a 1 year high of $126.88.
In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 over the last 90 days. 0.14% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Roble Belko & Company Inc grew its position in Visa by 220.8% in the fourth quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock valued at $100,000 after purchasing an additional 605 shares in the last quarter. Welch Investments LLC acquired a new stake in Visa in the third quarter valued at $101,000. Lombard Odier Transatlantic Limited Partnership lifted its stake in Visa by 57.5% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 460 shares during the last quarter. Mercer Capital Advisers Inc. lifted its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 25 shares during the last quarter. Finally, Cordasco Financial Network acquired a new stake in Visa in the third quarter valued at $105,000. 81.66% of the stock is owned by hedge funds and other institutional investors.
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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.
