Visa (NYSE:V) Earns Outperform Rating from Analysts at Macquarie

Macquarie began coverage on shares of Visa (NYSE:V) in a research report released on Tuesday morning, The Fly reports. The firm issued an outperform rating and a $250.00 price objective on the credit-card processor’s stock.

A number of other research analysts also recently commented on V. Compass Point started coverage on Visa in a report on Thursday, December 5th. They issued a buy rating on the stock. Guggenheim set a $194.00 price objective on Visa and gave the company a buy rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on Visa from $207.00 to $220.00 and gave the company an overweight rating in a report on Monday, December 16th. Jefferies Financial Group set a $210.00 price objective on Visa and gave the company a buy rating in a report on Friday, October 25th. Finally, 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, January 15th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $209.68.

V opened at $205.00 on Tuesday. Visa has a one year low of $133.30 and a one year high of $210.13. The company has a market cap of $403.71 billion, a P/E ratio of 38.53, a PEG ratio of 2.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50-day simple moving average is $191.28 and its 200-day simple moving average is $181.65.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The business had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.08 billion. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, analysts predict that Visa will post 6.19 earnings per share for the current fiscal year.

In other Visa news, EVP William M. Sheedy sold 3,110 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total transaction of $567,637.20. Following the completion of the sale, the executive vice president now directly owns 227,740 shares of the company’s stock, valued at approximately $41,567,104.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 21,164 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,480 shares of company stock valued at $10,606,182. Insiders own 0.19% of the company’s stock.

A number of institutional investors have recently bought and sold shares of V. BlackRock Inc. lifted its position in Visa by 2.3% during the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after acquiring an additional 2,773,330 shares during the period. Advisors Capital Management LLC lifted its position in Visa by 150.8% during the 2nd quarter. Advisors Capital Management LLC now owns 9,066 shares of the credit-card processor’s stock worth $1,573,000 after acquiring an additional 5,451 shares during the period. Outlook Wealth Advisors LLC lifted its position in Visa by 9.9% during the 2nd quarter. Outlook Wealth Advisors LLC now owns 2,569 shares of the credit-card processor’s stock worth $446,000 after acquiring an additional 232 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Visa by 25.0% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 21,613 shares of the credit-card processor’s stock worth $3,751,000 after acquiring an additional 4,322 shares during the period. Finally, Windacre Partnership LLC lifted its position in Visa by 26.1% during the 2nd quarter. Windacre Partnership LLC now owns 1,692,000 shares of the credit-card processor’s stock worth $293,647,000 after acquiring an additional 350,000 shares during the period. 81.32% of the stock is owned by institutional investors.

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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