Robert W. Baird reissued their outperform rating on shares of Visa Inc. (NYSE:V) in a research note issued to investors on Monday morning. Robert W. Baird currently has a $128.00 target price on the credit-card processor’s stock, up from their prior target price of $122.00.

Several other equities research analysts have also recently weighed in on the company. Buckingham Research began coverage on Visa in a research report on Monday. They set a buy rating and a $129.00 price target on the stock. Cantor Fitzgerald began coverage on Visa in a research report on Thursday, September 28th. They set an overweight rating and a $120.00 price target on the stock. Vetr upgraded Visa from a hold rating to a buy rating and set a $108.51 price target on the stock in a research report on Tuesday, September 26th. Royal Bank Of Canada reiterated a buy rating and set a $124.00 price target on shares of Visa in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded Visa from a hold rating to a buy rating and set a $117.00 price target on the stock in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $108.76.

Visa (NYSE V) opened at 106.24 on Monday. Visa has a 12-month low of $75.17 and a 12-month high of $106.84. The company has a market capitalization of $242.91 billion, a price-to-earnings ratio of 39.51 and a beta of 0.93. The firm has a 50-day moving average of $104.39 and a 200 day moving average of $96.77.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. Analysts expect that Visa will post $3.43 EPS for the current fiscal year.

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In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC lifted its stake in Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares during the period. Capital Investment Advisory Services LLC lifted its stake in Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares during the period. Baker Ellis Asset Management LLC lifted its stake in Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares during the period. Mercer Capital Advisers Inc. lifted its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the period. Finally, Smithfield Trust Co. lifted its stake in Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after acquiring an additional 25 shares during the period. 81.69% of the stock is owned by institutional investors.

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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