Shares of Visa Inc (NYSE:V) have received an average rating of “Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $163.16.
A number of research analysts recently commented on V shares. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 price objective on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group started coverage on shares of Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 price objective on the stock. SunTrust Banks reiterated an “outperform” rating and set a $250.00 price objective on shares of Visa in a research note on Friday, February 1st. Wedbush raised their price objective on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $178.00 price objective on shares of Visa in a research note on Friday, December 21st.
In other Visa news, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of Visa stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the completion of the transaction, the senior vice president now owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,485 shares of company stock worth $14,568,370. 0.17% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of V. Oregon Public Employees Retirement Fund grew its position in Visa by 11,319.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the last quarter. Lunia Capital LP boosted its stake in Visa by 13,370.7% in the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares during the period. Norges Bank acquired a new position in Visa in the 4th quarter worth approximately $2,341,733,000. Matthew Goff Investment Advisor LLC boosted its stake in Visa by 13,144.9% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after purchasing an additional 7,869,202 shares during the period. Finally, Fundsmith Equity Fund L.P. acquired a new position in Visa in the 2nd quarter worth approximately $757,597,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Shares of NYSE:V opened at $155.46 on Thursday. Visa has a 52 week low of $116.03 and a 52 week high of $156.82. The company has a market capitalization of $312.07 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the business earned $1.08 earnings per share. Visa’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that Visa will post 5.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.00 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio (DPR) is 21.69%.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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