Visa (NYSE:V) had its price target boosted by equities researchers at Barclays from $145.00 to $150.00 in a research note issued on Friday. The firm presently has an “overweight” rating on the credit-card processor’s stock. Barclays’ price target would indicate a potential upside of 23.04% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on V. Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. Cowen reaffirmed a “buy” rating and set a $107.00 price target on shares of Visa in a report on Thursday, October 12th. Mizuho reaffirmed a “buy” rating and set a $115.00 price target on shares of Visa in a report on Thursday, October 12th. Stephens started coverage on Visa in a report on Friday, October 13th. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and set a $125.00 price target (up previously from $112.00) on shares of Visa in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $130.55.
Visa (NYSE:V) traded down $3.81 on Friday, hitting $121.91. The stock had a trading volume of 3,189,908 shares, compared to its average volume of 7,099,567. The company has a market capitalization of $276,520.00, a PE ratio of 40.37, a PEG ratio of 1.79 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa has a 52 week low of $84.88 and a 52 week high of $126.88.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on 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 available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of V. Ngam Advisors L.P. lifted its stake in shares of Visa by 7.4% in the 2nd quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock valued at $83,923,000 after purchasing an additional 78,447 shares during the last quarter. Jennison Associates lifted its stake 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 valued at $1,954,341,000 after purchasing an additional 4,977,221 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Visa by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock worth $2,441,561,000 after acquiring an additional 1,061,427 shares during the last quarter. Schnieders Capital Management LLC lifted its position in Visa by 5.6% during the 4th quarter. Schnieders Capital Management LLC now owns 19,858 shares of the credit-card processor’s stock worth $1,540,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Wallington Asset Management LLC lifted its position in Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after acquiring an additional 2,090 shares during the last quarter. Hedge funds and other institutional investors own 81.66% 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.
