Visa Inc. (NYSE:V)‘s stock had its “overweight” rating reaffirmed by equities researchers at Morgan Stanley in a report issued on Saturday, July 22nd. They currently have a $114.00 target price on the credit-card processor’s stock, up from their previous target price of $107.00. Morgan Stanley’s price objective would suggest a potential upside of 11.21% from the company’s previous close.

Several other brokerages have also weighed in on V. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $92.84 price target for the company. in a research note on Monday, June 5th. CIBC boosted their price objective on Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Sandler O’Neill reiterated a “hold” rating on shares of Visa in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $104.56.

Shares of Visa (V) traded up 0.34% during mid-day trading on Friday, reaching $102.51. The company’s stock had a trading volume of 5,670,884 shares. The firm has a market cap of $234.38 billion, a P/E ratio of 38.12 and a beta of 0.94. Visa has a 12-month low of $75.17 and a 12-month high of $103.93. The firm’s 50-day moving average price is $98.78 and its 200 day moving average price is $92.76. Visa also was the recipient of some unusual options trading on Wednesday. Investors acquired 12,583 put options on the stock. This represents an increase of approximately 163% compared to the average daily volume of 4,785 put options.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts expect that Visa will post $3.43 EPS for the current year.

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In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Mercer Capital Advisers Inc. increased its position in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares in the last quarter. Motco increased its position in Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in Visa during the second quarter valued at about $115,000. Mascoma Wealth Management LLC bought a new position in Visa during the second quarter valued at about $122,000. Finally, SpiderRock Advisors LLC increased its position in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Visa (NYSE:V)

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