Visa (NYSE:V) Downgraded to Hold at Vetr

Visa (NYSE:V) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday, January 8th. They presently have a $121.05 target price on the credit-card processor’s stock. Vetr‘s target price points to a potential downside of 3.71% from the stock’s current price.

V has been the topic of a number of other reports. Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald started coverage on Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price target on the stock. Buckingham Research upped their price target on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Barclays upped their price target on Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $124.52.

Visa (NYSE V) traded up $1.49 on Monday, hitting $125.72. The stock had a trading volume of 11,150,653 shares, compared to its average volume of 7,090,000. Visa has a 12 month low of $81.57 and a 12 month high of $126.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a market cap of $284,910.00, a P/E ratio of 44.90, a PEG ratio of 1.78 and a beta of 0.99.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. research analysts expect that Visa will post 4.15 earnings per share for the current fiscal year.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Krilogy Financial LLC grew its position in Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in Visa by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in Visa by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares during the last quarter. Lakeview Capital Partners LLC grew its position in Visa by 0.8% during the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after acquiring an additional 34 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its position in Visa by 0.5% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after acquiring an additional 38 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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About Visa

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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