Visa (NYSE:V) had its price target decreased by equities researchers at Nomura from $148.00 to $146.00 in a report issued on Friday. The firm currently has a “buy” rating on the credit-card processor’s stock. Nomura’s price objective indicates a potential upside of 19.76% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Susquehanna Bancshares boosted their target price on shares of Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Mizuho reiterated a “buy” rating and set a $115.00 target price on shares of Visa in a research report on Thursday, October 12th. Cowen reiterated a “buy” rating and set a $107.00 target price on shares of Visa in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research report on Thursday, October 26th. Finally, KeyCorp reiterated a “buy” rating and set a $118.00 target price on shares of Visa in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $130.55.
Shares of Visa (NYSE V) traded down $3.81 during midday trading on Friday, hitting $121.91. 3,189,908 shares of the stock were exchanged, compared to its average volume of 7,099,567. The firm has a market cap of $276,520.00, a P/E ratio of 40.37, a P/E/G 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. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was 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 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 have sold a total of 58,068 shares of company stock valued at $6,597,262 in the last 90 days. 0.14% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC lifted its holdings in Visa by 4.7% during the fourth quarter. Aperio Group LLC now owns 1,156,401 shares of the credit-card processor’s stock valued at $131,853,000 after purchasing an additional 51,387 shares during the last quarter. Cedar Capital LLC lifted its holdings in Visa by 36.2% during the fourth quarter. Cedar Capital LLC now owns 8,756 shares of the credit-card processor’s stock valued at $998,000 after purchasing an additional 2,328 shares during the last quarter. LA Financiere DE L Echiquier lifted its holdings in Visa by 30.8% during the fourth quarter. LA Financiere DE L Echiquier now owns 85,189 shares of the credit-card processor’s stock valued at $9,713,000 after purchasing an additional 20,084 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in Visa during the fourth quarter valued at about $1,919,000. Finally, Arlington Financial Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $263,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
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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.
