Barclays Boosts Visa (NYSE:V) Price Target to $266.00

Visa (NYSE:VGet Rating) had its target price increased by equities research analysts at Barclays from $264.00 to $266.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. Barclays‘s price objective would indicate a potential upside of 18.81% from the company’s previous close.

A number of other equities analysts have also commented on V. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Visa from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Robert W. Baird increased their target price on shares of Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Wells Fargo & Company increased their target price on shares of Visa from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Citigroup cut their target price on shares of Visa from $254.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, Redburn Partners started coverage on shares of Visa in a research report on Tuesday, November 29th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $255.15.

Visa Trading Down 0.1 %

Visa stock opened at $223.89 on Monday. The company has a 50 day moving average price of $212.92 and a 200 day moving average price of $204.65. Visa has a 52 week low of $174.60 and a 52 week high of $250.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $421.70 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 1.81 and a beta of 0.95.

Visa (NYSE:VGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The credit-card processor reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.07. Visa had a net margin of 51.03% and a return on equity of 48.56%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.55 billion. Research analysts forecast that Visa will post 8.29 EPS for the current year.

Visa declared that its Board of Directors has initiated a share buyback program on Tuesday, October 25th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Rajat Taneja sold 25,627 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $216.67, for a total value of $5,552,602.09. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $50,291,707.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Visa by 0.6% in the third quarter. Vanguard Group Inc. now owns 145,236,910 shares of the credit-card processor’s stock valued at $25,801,337,000 after purchasing an additional 912,545 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Visa by 0.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 51,261,821 shares of the credit-card processor’s stock valued at $10,092,940,000 after purchasing an additional 200,057 shares in the last quarter. Alliancebernstein L.P. increased its stake in Visa by 7.0% in the third quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor’s stock valued at $4,821,741,000 after purchasing an additional 1,785,695 shares in the last quarter. Jennison Associates LLC increased its stake in Visa by 0.6% in the third quarter. Jennison Associates LLC now owns 13,270,127 shares of the credit-card processor’s stock valued at $2,357,438,000 after purchasing an additional 77,186 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Visa by 1.0% in the second quarter. Clearbridge Investments LLC now owns 13,200,244 shares of the credit-card processor’s stock valued at $2,598,996,000 after purchasing an additional 135,832 shares in the last quarter. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

(Get Rating)

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

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