Visa Inc. (V) Hits New 1-Year High at $82.15
Visa Inc. (NYSE:V) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $82.15 and last traded at $81.83, with a volume of 3,362,457 shares trading hands. The stock had previously closed at $81.30.
A number of research firms have recently issued reports on V. Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a report on Wednesday, June 15th. Argus reissued a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Visa in a report on Monday, July 25th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $80.66 target price on the stock. in a report on Monday, May 23rd. Piper Jaffray Cos. reissued an “overweight” rating and issued a $94.00 target price on shares of Visa in a report on Friday, August 5th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $88.26.
The company has a 50-day moving average price of $79.83 and a 200-day moving average price of $77.32. The stock has a market cap of $193.52 billion and a P/E ratio of 34.85.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. On average, analysts expect that Visa Inc. will post $2.79 earnings per share for the current 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 given a dividend of $0.14 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%.
A number of hedge funds have recently added to or reduced their stakes in the stock. P.A.W. Capital Corp purchased a new stake in Visa during the fourth quarter worth about $1,163,000. Lipe & Dalton purchased a new stake in Visa during the fourth quarter worth about $1,278,000. Parsons Capital Management Inc. RI boosted its stake in Visa by 22.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 21,596 shares of the credit-card processor’s stock worth $1,675,000 after buying an additional 3,997 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new stake in Visa during the fourth quarter worth about $1,766,000. Finally, Genesee Valley Trust Co. boosted its stake 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 during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.