Cowen and Company reiterated their outperform rating on shares of Visa Inc. (NYSE:V) in a research note published on Tuesday morning. They currently have a $100.00 target price on the credit-card processor’s stock.

Several other brokerages have also weighed in on V. Argus reissued a buy rating and issued a $90.00 price objective (up from $85.00) on shares of Visa in a report on Monday, July 25th. Deutsche Bank AG reissued a buy rating and issued a $87.00 price objective on shares of Visa in a report on Tuesday, September 6th. Vetr lowered Visa from a buy rating to a hold rating and set a $83.12 price objective for the company. in a report on Monday, August 15th. Sanford C. Bernstein reissued an outperform rating and issued a $97.00 price objective on shares of Visa in a report on Saturday, July 2nd. Finally, Piper Jaffray Cos. reissued an overweight rating and issued a $94.00 price objective on shares of Visa in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $89.36.

Analyst Recommendations for Visa (NYSE:V)

Visa (NYSE:V) traded up 1.12% during midday trading on Tuesday, hitting $82.49. The company had a trading volume of 2,189,137 shares. Visa has a 52-week low of $66.12 and a 52-week high of $83.79. The firm has a market cap of $194.67 billion, a price-to-earnings ratio of 35.06 and a beta of 0.95. The stock has a 50 day moving average of $82.35 and a 200 day moving average of $79.48.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 18th will be paid a dividend of $0.165 per share. This is a positive change from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 0.81%. Visa’s dividend payout ratio is currently 24.35%.

Hedge funds and other institutional investors have recently modified their holdings of the company. WealthTrust Arizona LLC increased its position in Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares during the last quarter. Weybosset Research & Management LLC increased its position in Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock valued at $232,000 after buying an additional 25 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock valued at $954,000 after buying an additional 35 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in Visa by 1.6% in the second quarter. Cypress Wealth Advisors LLC now owns 2,964 shares of the credit-card processor’s stock valued at $220,000 after buying an additional 46 shares during the last quarter. Finally, SSI Investment Management Inc. increased its position in Visa by 1.1% in the second quarter. SSI Investment Management Inc. now owns 4,150 shares of the credit-card processor’s stock valued at $308,000 after buying an additional 47 shares during the last quarter. 80.06% of the stock is currently owned by institutional investors and hedge funds.

About Visa

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

5 Day Chart for NYSE:V

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