Robert W. Baird Increases Visa (V) Price Target to $162.00

Visa (NYSE:V) had its price target boosted by Robert W. Baird from $156.00 to $162.00 in a research note published on Friday. The brokerage currently has an outperform rating on the credit-card processor’s stock.

Other research analysts have also recently issued reports about the company. Morgan Stanley upped their price objective on Visa from $142.00 to $165.00 and gave the stock a $140.13 rating in a research report on Thursday, July 19th. SunTrust Banks upped their price objective on Visa to $170.00 and gave the stock a buy rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Loop Capital upped their price objective on Visa to $157.00 and gave the stock a buy rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Buckingham Research upped their price objective on Visa from $152.00 to $169.00 and gave the stock a buy rating in a research report on Tuesday, June 26th. Finally, Bank of America upped their price objective on Visa from $146.00 to $155.00 and gave the stock a buy rating in a research report on Tuesday, July 17th. Three investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $150.45.

V stock opened at $147.84 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market cap of $298.16 billion, a PE ratio of 42.48, a PEG ratio of 1.81 and a beta of 1.09. Visa has a fifty-two week low of $102.75 and a fifty-two week high of $148.37.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.11. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Visa had a return on equity of 36.09% and a net margin of 47.91%. Visa’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. equities research analysts anticipate that Visa will post 4.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Friday, August 17th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 16th. This represents a $0.84 annualized dividend and a yield of 0.57%. Visa’s dividend payout ratio is 24.14%.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now owns 58,232 shares in the company, valued at $8,185,089.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares in the company, valued at approximately $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Bedel Financial Consulting Inc. increased its stake in Visa by 24.2% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock worth $242,000 after acquiring an additional 356 shares during the period. Townsend & Associates Inc increased its stake in Visa by 6.1% during the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock worth $827,000 after acquiring an additional 361 shares during the period. LLBH Private Wealth Management LLC increased its stake in Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock worth $374,000 after acquiring an additional 362 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after acquiring an additional 365 shares during the period. Finally, Carroll Financial Associates Inc. increased its stake in Visa by 7.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 5,487 shares of the credit-card processor’s stock worth $726,000 after acquiring an additional 368 shares during the period. Hedge funds and other institutional investors own 80.27% of the company’s stock.

About Visa

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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