Visa Inc. (V) PT Raised to $125.00

Visa Inc. (NYSE:V) had its price objective upped by analysts at Morgan Stanley from $114.00 to $125.00 in a note issued to investors on Friday. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s target price points to a potential upside of 16.23% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $100.12 price target on the stock in a report on Tuesday, June 27th. Instinet upped their price target on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company restated a “market perform” rating and issued a $100.00 price target (up from $87.50) on shares of Visa in a report on Saturday, July 22nd. Citigroup Inc. restated a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of Visa in a report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average price target of $111.86.

Shares of Visa (NYSE V) opened at 107.55 on Friday. Visa has a 12 month low of $75.17 and a 12 month high of $109.26. The stock has a market cap of $245.91 billion, a PE ratio of 40.00 and a beta of 0.93. The firm’s 50-day moving average is $105.76 and its 200 day moving average is $98.25.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. APG Asset Management N.V. grew its stake in shares of Visa by 5.5% during the 3rd quarter. APG Asset Management N.V. now owns 1,170,758 shares of the credit-card processor’s stock worth $123,211,000 after purchasing an additional 61,100 shares during the period. Carnick & Kubik Group LLC acquired a new stake in shares of Visa during the 3rd quarter worth approximately $295,000. Cordasco Financial Network acquired a new stake in shares of Visa during the 3rd quarter worth approximately $105,000. First Financial Bank Trust Division grew its stake in shares of Visa by 1.3% during the 3rd quarter. First Financial Bank Trust Division now owns 83,029 shares of the credit-card processor’s stock worth $8,738,000 after purchasing an additional 1,059 shares during the period. Finally, Honkamp Krueger Financial Services Inc. grew its stake in shares of Visa by 9.9% during the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 23,813 shares of the credit-card processor’s stock worth $2,506,000 after purchasing an additional 2,151 shares during the period. 81.65% of the stock is currently owned by institutional investors and hedge funds.

About Visa

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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