Visa Inc. (V) Sets New 1-Year High at $81.76
Visa Inc. (NYSE:V) shares hit a new 52-week high on Tuesday . The company traded as high as $81.76 and last traded at $81.12, with a volume of 4,337,422 shares trading hands. The stock had previously closed at $81.06.
A number of brokerages have recently weighed in on V. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $83.12 price objective on the stock. in a report on Monday, August 8th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. Barclays PLC dropped their target price on Visa from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $90.00 target price on shares of Visa in a report on Friday, July 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $93.00 target price on shares of Visa in a report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and an average price target of $87.87.
The stock has a market capitalization of $189.48 billion and a price-to-earnings ratio of 34.12. The firm’s 50 day moving average is $78.93 and its 200-day moving average is $76.83.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. On average, analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Friday, August 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, August 17th.
A number of institutional investors have recently bought and sold shares of V. Genesee Valley Trust Co. raised its position in Visa by 2.0% in the fourth quarter. Genesee Valley Trust Co. now owns 34,629 shares of the credit-card processor’s stock worth $2,685,000 after buying an additional 693 shares in the last quarter. Gluskin Sheff & Assoc Inc. raised its position in Visa by 938.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 335,511 shares of the credit-card processor’s stock worth $26,019,000 after buying an additional 303,190 shares in the last quarter. Veritable L.P. raised its position in Visa by 4.6% in the fourth quarter. Veritable L.P. now owns 66,656 shares of the credit-card processor’s stock worth $5,169,000 after buying an additional 2,920 shares in the last quarter. Hodges Capital Management Inc. raised its position in Visa by 9.1% in the fourth quarter. Hodges Capital Management Inc. now owns 16,489 shares of the credit-card processor’s stock worth $1,279,000 after buying an additional 1,380 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in shares of Visa during the fourth quarter worth about $1,766,000.
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.
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