Visa’s (V) Outperform Rating Reaffirmed at William Blair

William Blair restated their outperform rating on shares of Visa (NYSE:V) in a research note published on Tuesday, Zacks.com reports. William Blair also issued estimates for Visa’s Q2 2020 earnings at $1.44 EPS and Q3 2020 earnings at $1.55 EPS.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Co lifted their price objective on Visa from $200.00 to $213.00 and gave the stock an overweight rating in a report on Monday, January 6th. Moffett Nathanson lifted their price objective on Visa from to in a report on Tuesday, January 7th. BMO Capital Markets dropped their price objective on Visa from $239.00 to $232.00 and set an outperform rating on the stock in a report on Wednesday. Raymond James lifted their price objective on Visa from $193.00 to $205.00 and gave the stock an outperform rating in a report on Friday, October 25th. Finally, Nomura lifted their target price on Visa from to and gave the stock a buy rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Visa presently has an average rating of Buy and a consensus target price of $204.92.

V stock traded up $0.68 during midday trading on Tuesday, hitting $200.48. 387,350 shares of the company’s stock were exchanged, compared to its average volume of 5,993,467. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa has a 12-month low of $133.30 and a 12-month high of $200.15. The firm has a 50 day moving average price of $187.32 and a 200-day moving average price of $180.29. The stock has a market capitalization of $386.09 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.08 billion. During the same period in the previous year, the business earned $1.21 EPS. Visa’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, sell-side analysts forecast that Visa will post 6.2 EPS for the current fiscal year.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $189.31, for a total transaction of $1,325,170.00. Following the completion of the transaction, the chief executive officer now owns 150,514 shares in the company, valued at approximately $28,493,805.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders have sold a total of 58,480 shares of company stock valued at $10,606,182 in the last 90 days. Insiders own 0.17% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Occidental Asset Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $206,000. Sciencast Management LP raised its position in shares of Visa by 9.7% during the fourth quarter. Sciencast Management LP now owns 15,861 shares of the credit-card processor’s stock worth $3,045,000 after purchasing an additional 1,399 shares during the period. Red Spruce Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth $575,000. IMS Capital Management raised its position in shares of Visa by 1.4% during the fourth quarter. IMS Capital Management now owns 11,283 shares of the credit-card processor’s stock worth $2,120,000 after purchasing an additional 156 shares during the period. Finally, AE Wealth Management LLC raised its position in shares of Visa by 12.1% during the fourth quarter. AE Wealth Management LLC now owns 119,514 shares of the credit-card processor’s stock worth $22,457,000 after purchasing an additional 12,913 shares during the period. Institutional investors own 81.08% of the company’s stock.

Visa Company Profile

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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