Credit Suisse Group set a $129.00 price target on Visa (NYSE:V) in a report released on Monday. The brokerage currently has a buy rating on the credit-card processor’s stock.

A number of other research firms have also weighed in on V. Vetr lowered shares of Visa from a buy rating to a hold rating and set a $121.05 price objective on the stock. in a research report on Monday. Barclays reissued a buy rating and issued a $145.00 price objective on shares of Visa in a research report on Friday. Susquehanna Bancshares increased their price objective on shares of Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Keefe, Bruyette & Woods reissued a buy rating and issued a $141.00 price objective on shares of Visa in a research report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Visa from a buy rating to a hold rating in a research report on Tuesday, December 26th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Visa currently has an average rating of Buy and a consensus price target of $120.61.

Visa (V) traded down $0.23 during trading on Monday, reaching $119.11. 6,560,000 shares of the company were exchanged, compared to its average volume of 8,800,000. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. Visa has a 12 month low of $80.51 and a 12 month high of $120.48. The stock has a market cap of $269,930.00, a price-to-earnings ratio of 42.54, a P/E/G ratio of 1.73 and a beta of 0.99.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities analysts predict that Visa will post 4.07 EPS for the current year.

In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’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 directly owns 76,202 shares in the company, valued at $8,661,119.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of the firm’s 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 completion of the sale, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,068 shares of company stock worth $6,597,262. Insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after buying an additional 5,966,991 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Visa by 2.1% in the second 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 last quarter. Capital Research Global Investors raised its holdings in shares of Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after buying an additional 1,919,732 shares during the last quarter. Temasek Holdings Private Ltd raised its holdings in shares of Visa by 116.3% in the third quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock worth $346,532,000 after buying an additional 1,770,488 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after buying an additional 1,624,700 shares during the last quarter. Institutional investors own 81.50% 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.

Analyst Recommendations for Visa (NYSE:V)

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