Visa Inc. (NYSE:V) had its price objective raised by stock analysts at Oppenheimer Holdings, Inc. from $100.00 to $106.00 in a research note issued on Tuesday. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 7.89% from the stock’s previous close.

A number of other analysts also recently issued reports on V. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.85 price target on the stock in a report on Monday, March 20th. Jefferies Group LLC set a $96.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Saturday, March 25th. Cowen and Company reissued an “outperform” rating and issued a $100.00 price objective on shares of Visa in a report on Monday, March 27th. Credit Suisse Group reissued a “hold” rating on shares of Visa in a report on Wednesday, March 29th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $45.00 price objective on shares of Visa in a report on Friday, April 14th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Visa currently has an average rating of “Buy” and a consensus target price of $99.25.

Visa (V) opened at 98.25 on Tuesday. The stock has a market capitalization of $226.61 billion, a PE ratio of 49.03 and a beta of 0.93. Visa has a 12-month low of $75.17 and a 12-month high of $98.33. The company’s 50-day moving average is $95.22 and its 200 day moving average is $89.98.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.29 billion. Visa had a net margin of 28.78% and a return on equity of 29.14%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. On average, equities research analysts expect that Visa will post $3.37 earnings per share for the current fiscal year.

Visa announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to reacquire up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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In related news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total value of $2,874,044.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in Visa by 2.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 112,698 shares of the credit-card processor’s stock valued at $10,569,000 after buying an additional 2,534 shares during the last quarter. US Bancorp DE raised its position in Visa by 0.9% in the second quarter. US Bancorp DE now owns 1,190,978 shares of the credit-card processor’s stock valued at $111,691,000 after buying an additional 10,830 shares during the last quarter. Gradient Investments LLC raised its position in Visa by 3.7% in the second quarter. Gradient Investments LLC now owns 7,112 shares of the credit-card processor’s stock valued at $667,000 after buying an additional 251 shares during the last quarter. Viking Fund Management LLC raised its position in Visa by 27.3% in the second quarter. Viking Fund Management LLC now owns 14,000 shares of the credit-card processor’s stock valued at $1,313,000 after buying an additional 3,000 shares during the last quarter. Finally, Cypress Capital Management LLC WY raised its position in Visa by 2.5% in the second quarter. Cypress Capital Management LLC WY now owns 2,415 shares of the credit-card processor’s stock valued at $229,000 after buying an additional 60 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Visa Company Profile

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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