Pacific Crest set a $92.00 price objective on Visa Inc. (NYSE:V) in a research report report published on Wednesday morning. The firm currently has a a buy rating on the credit-card processor’s stock.

V has been the subject of several other research reports. Vetr downgraded shares of Visa from a buy rating to a hold rating and set a $83.12 price target for the company. in a research note on Monday, August 8th. Zacks Investment Research raised shares of Visa from a hold rating to a buy rating and set a $88.00 price target for the company in a research note on Tuesday, July 19th. Barclays PLC decreased their price target on shares of Visa from $90.00 to $88.00 and set an overweight rating for the company in a research note on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a buy rating and set a $90.00 price target on shares of Visa in a research note on Friday, July 22nd. Finally, Jefferies Group reaffirmed a buy rating and set a $93.00 price target on shares of Visa in a research note on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $88.54.

Shares of Visa (NYSE:V) opened at 82.07 on Wednesday. Visa has a 52 week low of $66.12 and a 52 week high of $83.63. The stock has a market capitalization of $193.68 billion, a P/E ratio of 34.88 and a beta of 0.91. The firm’s 50-day moving average price is $80.47 and its 200 day moving average price is $77.88.

Visa (NYSE:V) last announced its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The business earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. Analysts expect that Visa will post $2.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is currently 24.35%.

Several institutional investors have recently bought and sold shares of the company. Compagnie Odier SCA boosted its position in shares of Visa by 9.2% in the fourth quarter. Compagnie Odier SCA now owns 1,364,482 shares of the credit-card processor’s stock valued at $105,828,000 after buying an additional 115,020 shares in the last quarter. Hellman Jordan Management Co. Inc. MA boosted its position in shares of Visa by 6.2% in the fourth quarter. Hellman Jordan Management Co. Inc. MA now owns 132,857 shares of the credit-card processor’s stock valued at $10,303,000 after buying an additional 7,730 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Visa by 44.7% in the fourth quarter. Perigon Wealth Management LLC now owns 47,183 shares of the credit-card processor’s stock valued at $3,659,000 after buying an additional 14,565 shares in the last quarter. Strategic Wealth Advisors Group Inc. boosted its position in shares of Visa by 20.4% in the fourth quarter. Strategic Wealth Advisors Group Inc. now owns 21,923 shares of the credit-card processor’s stock valued at $1,700,000 after buying an additional 3,709 shares in the last quarter. Finally, Reliance Trust Co. of Delaware boosted its position in shares of Visa by 4.8% in the fourth quarter. Reliance Trust Co. of Delaware now owns 82,667 shares of the credit-card processor’s stock valued at $6,410,000 after buying an additional 3,818 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

About Visa

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

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