Visa Inc. (NYSE:V) had its target price upped by SunTrust Banks, Inc. from $110.00 to $135.00 in a report published on Thursday morning. They currently have a buy rating on the credit-card processor’s stock. SunTrust Banks also issued estimates for Visa’s Q1 2018 earnings at $0.98 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.13 EPS, FY2018 earnings at $4.08 EPS and FY2019 earnings at $4.73 EPS.
V has been the subject of a number of other research reports. Wells Fargo & Company upgraded Visa from a market perform rating to an outperform rating and raised their target price for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Loop Capital raised their target price on Visa from $101.00 to $111.00 and gave the stock a buy rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG raised their target price on Visa from $124.00 to $150.00 and gave the stock a buy rating in a research note on Monday, July 10th. Cantor Fitzgerald initiated coverage on Visa in a research note on Thursday, September 28th. They issued an overweight rating and a $120.00 target price for the company. Finally, Instinet raised their target price on Visa from $105.00 to $120.00 and gave the stock a buy rating in a research note on Friday, July 21st. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $115.95.
Visa (NYSE:V) opened at 109.71 on Thursday. The stock has a 50 day moving average price of $106.44 and a 200 day moving average price of $98.96. The stock has a market cap of $250.84 billion, a PE ratio of 40.80 and a beta of 0.93. Visa has a 1-year low of $75.17 and a 1-year high of $110.74.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. On average, analysts predict that Visa will post $4.06 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. Visa’s payout ratio is presently 23.57%.
In related news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. E&G Advisors LP acquired a new position in shares of Visa during the 3rd quarter worth approximately $296,000. Heritage Investors Management Corp boosted its holdings in shares of Visa by 14.7% during the 3rd quarter. Heritage Investors Management Corp now owns 22,062 shares of the credit-card processor’s stock worth $2,322,000 after purchasing an additional 2,820 shares during the last quarter. Roanoke Asset Management Corp NY acquired a new position in shares of Visa during the 3rd quarter worth approximately $214,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Visa by 1.7% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 659,155 shares of the credit-card processor’s stock worth $69,370,000 after purchasing an additional 11,024 shares during the last quarter. Finally, Bainco International Investors boosted its holdings in shares of Visa by 2.5% during the 3rd quarter. Bainco International Investors now owns 78,078 shares of the credit-card processor’s stock worth $8,217,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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