Visa (NYSE:V) had its target price increased by Piper Jaffray Companies from $158.00 to $164.00 in a research report issued on Friday. The brokerage presently has an “overweight” rating on the credit-card processor’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 34.53% from the stock’s previous close.
V has been the subject of a number of other research reports. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cantor Fitzgerald raised their target price on shares of Visa to $141.00 and gave the stock an “overweight” rating in a research note on Friday. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a research note on Monday, January 8th. Finally, Buckingham Research lifted their price objective on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Three investment 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 stock. The company has an average rating of “Buy” and an average price target of $130.55.
Visa (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 company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $276,520.00, a PE ratio of 40.37, a PEG ratio of 1.79 and a beta of 1.03. Visa has a one year low of $84.88 and a one year high of $126.88.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 three months, insiders sold 58,068 shares of company stock worth $6,597,262. Insiders own 0.14% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its position in Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after buying an additional 2,628,148 shares during the period. BlackRock Inc. boosted its position in Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after buying an additional 1,440,034 shares during the period. State Street Corp boosted its position in Visa by 0.9% during the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after buying an additional 722,878 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Visa by 0.8% during the 1st quarter. BlackRock Institutional Trust Company N.A. now owns 52,630,415 shares of the credit-card processor’s stock worth $4,025,174,000 after buying an additional 428,238 shares during the period. Finally, Capital World Investors boosted its position in Visa by 1.1% during the 4th quarter. Capital World Investors now owns 42,874,040 shares of the credit-card processor’s stock worth $3,324,882,000 after buying an additional 452,115 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
