Jefferies Group reissued their buy rating on shares of Visa Inc. (NYSE:V) in a report released on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group Inc. reiterated a buy rating and issued a $86.00 target price on shares of Visa in a research note on Monday, July 18th. Argus reiterated a buy rating and issued a $90.00 target price (up from $85.00) on shares of Visa in a research note on Monday, July 25th. Nomura reiterated a buy rating and issued a $91.00 target price on shares of Visa in a research note on Monday, July 25th. JPMorgan Chase & Co. reiterated a buy rating and issued a $90.00 target price on shares of Visa in a research note on Friday, July 22nd. Finally, Pacific Crest restated a buy rating on shares of Visa in a research report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $90.85.

Shares of Visa (NYSE:V) opened at 81.07 on Tuesday. The company has a market capitalization of $189.93 billion, a price-to-earnings ratio of 31.71 and a beta of 1.00. Visa has a 1-year low of $66.12 and a 1-year high of $83.96. The stock has a 50 day moving average price of $82.00 and a 200 day moving average price of $79.88.

Visa (NYSE:V) last issued its earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The business earned $4.26 billion during the quarter. During the same quarter last year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts forecast that Visa will post $3.29 earnings per share for the current year.

The firm also recently declared 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 boost from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, November 16th. Visa’s dividend payout ratio is presently 22.67%.

In other Visa news, insider Charles W. Scharf sold 772,912 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total value of $63,881,176.80. Following the sale, the insider now directly owns 852,880 shares in the company, valued at approximately $70,490,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 18,500 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the completion of the sale, the president now owns 12,548 shares in the company, valued at $1,040,480.16. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Visa by 1.0% in the second quarter. Vanguard Group Inc. now owns 118,024,396 shares of the credit-card processor’s stock valued at $8,753,870,000 after buying an additional 1,207,526 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Visa by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 51,126,744 shares of the credit-card processor’s stock valued at $4,228,182,000 after buying an additional 239,481 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after buying an additional 1,061,427 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Visa by 3.7% in the third quarter. BlackRock Fund Advisors now owns 27,427,533 shares of the credit-card processor’s stock valued at $2,268,257,000 after buying an additional 967,565 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Visa by 3.8% in the second quarter. TIAA CREF Investment Management LLC now owns 17,877,455 shares of the credit-card processor’s stock valued at $1,325,971,000 after buying an additional 647,407 shares in the last quarter. Institutional investors and hedge funds own 80.23% of the company’s stock.

About Visa

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

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