Wedbush reiterated their outperform rating on shares of Visa (NYSE:V) in a report published on Wednesday, LiveTradingNews reports.
Other equities research analysts also recently issued reports about the company. Nomura raised their price target on Visa from $151.00 to $175.00 in a research report on Thursday, April 11th. Goldman Sachs Group reaffirmed a buy rating and issued a $188.00 price target on shares of Visa in a research report on Thursday, May 2nd. Cantor Fitzgerald reaffirmed a buy rating and issued a $181.00 price target on shares of Visa in a research report on Sunday, April 28th. Zacks Investment Research raised Visa from a hold rating to a buy rating and set a $181.00 price target on the stock in a research report on Saturday, April 27th. Finally, Jefferies Financial Group increased their target price on shares of Visa from $170.00 to $175.00 and gave the company a buy rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $179.83.
Shares of NYSE:V opened at $176.66 on Wednesday. The firm has a market capitalization of $349.87 billion, a P/E ratio of 38.32, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a 50-day simple moving average of $168.25. Visa has a 52-week low of $121.60 and a 52-week high of $177.03. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58.
In other Visa news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rockland Trust Co. lifted its stake in Visa by 33.6% during the second quarter. Rockland Trust Co. now owns 3,140 shares of the credit-card processor’s stock worth $545,000 after purchasing an additional 789 shares during the period. Beese Fulmer Investment Management Inc. lifted its stake in Visa by 5.2% during the second quarter. Beese Fulmer Investment Management Inc. now owns 2,036 shares of the credit-card processor’s stock worth $353,000 after purchasing an additional 100 shares during the period. Winfield Associates Inc. lifted its stake in Visa by 0.7% during the second quarter. Winfield Associates Inc. now owns 32,439 shares of the credit-card processor’s stock worth $5,630,000 after purchasing an additional 230 shares during the period. Park National Corp OH lifted its stake in Visa by 8.3% during the second quarter. Park National Corp OH now owns 115,812 shares of the credit-card processor’s stock worth $20,099,000 after purchasing an additional 8,901 shares during the period. Finally, Thomasville National Bank lifted its stake in Visa by 1.0% during the second quarter. Thomasville National Bank now owns 98,183 shares of the credit-card processor’s stock worth $17,039,000 after purchasing an additional 932 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.
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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