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.
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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