Visa (NYSE:V) had its target price upped by Morgan Stanley from $175.00 to $191.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the credit-card processor’s stock.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald restated a buy rating and issued a $71.00 price target on shares of ExlService in a research note on Sunday, April 28th. UBS Group raised their price target on shares of Tableau Software to $134.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Oppenheimer set a $119.00 price target on shares of American Express and gave the company a buy rating in a research note on Wednesday, April 17th. Zacks Investment Research lowered shares of Zai Lab from a buy rating to a hold rating in a research note on Saturday, June 15th. Finally, Wedbush restated an outperform rating and issued a $65.00 price target (up previously from $60.00) on shares of Walker & Dunlop in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Visa currently has a consensus rating of Buy and a consensus price target of $183.43.

V opened at $180.33 on Thursday. The firm has a market capitalization of $360.77 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. Visa has a fifty-two week low of $121.60 and a fifty-two week high of $181.35. The stock’s 50-day simple moving average is $170.22. 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 released its quarterly earnings data on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. Visa’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities analysts anticipate that Visa will post 5.37 EPS for the current year.

In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lowe Wealth Advisors LLC boosted its stake in Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 86 shares during the period. Highwater Wealth Management LLC acquired a new position in Visa in the 4th quarter worth approximately $33,000. Essex Investment Management Co. LLC acquired a new position in Visa in the 4th quarter worth approximately $33,000. Hexavest Inc. acquired a new position in Visa in the 2nd quarter worth approximately $40,000. Finally, Ironwood Financial llc boosted its stake in Visa by 67.5% in the 4th quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 80.97% 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.

See Also: Institutional Investors

Analyst Recommendations for Visa (NYSE:V)

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