Visa (NYSE:V) Earns “Outperform” Rating from Wedbush

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.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. Research analysts predict that Visa will post 5.37 EPS for the current fiscal year.

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.

About Visa

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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Analyst Recommendations for Visa (NYSE:V)

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