Visa Inc (NYSE:V) has been assigned a consensus rating of “Buy” from the thirty-four research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $121.27.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Tuesday, September 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $124.00 target price on shares of Visa in a research note on Friday, September 22nd. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $108.51 target price on the stock in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and issued a $122.00 target price on shares of Visa in a research note on Tuesday, September 26th. Finally, Cantor Fitzgerald assumed coverage on Visa in a research note on Thursday, September 28th. They issued an “overweight” rating and a $120.00 target price on the stock.

Visa (NYSE:V) opened at $120.09 on Friday. The company has a market capitalization of $272,150.00, a price-to-earnings ratio of 42.89, a PEG ratio of 1.73 and a beta of 0.99. 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 $80.51 and a 52 week high of $120.48.

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

In related news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction dated 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 $6,526,183.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The disclosure for this sale can be found here. In the last three months, insiders sold 58,068 shares of company stock valued at $6,597,262. Corporate insiders own 0.14% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Triangle Securities Wealth Management raised its position in Visa by 1.3% during the second quarter. Triangle Securities Wealth Management now owns 23,663 shares of the credit-card processor’s stock valued at $2,219,000 after acquiring an additional 315 shares in the last quarter. Copper Rock Capital Partners LLC raised its position in Visa by 524.4% during the second quarter. Copper Rock Capital Partners LLC now owns 4,152 shares of the credit-card processor’s stock valued at $324,000 after acquiring an additional 3,487 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Visa by 10.9% during the second quarter. Independent Portfolio Consultants Inc. now owns 14,214 shares of the credit-card processor’s stock valued at $1,333,000 after acquiring an additional 1,392 shares in the last quarter. First American Trust FSB raised its position in Visa by 36.6% during the second quarter. First American Trust FSB now owns 57,934 shares of the credit-card processor’s stock valued at $5,433,000 after acquiring an additional 15,534 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its position in Visa by 30.2% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,731 shares of the credit-card processor’s stock valued at $4,664,000 after acquiring an additional 11,540 shares in the last quarter. 81.50% of the stock is owned by hedge funds and other institutional investors.

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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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