Jefferies Financial Group Lowers Visa (NYSE:V) Price Target to $300.00

Visa (NYSE:V) had its price objective decreased by investment analysts at Jefferies Financial Group from $325.00 to $300.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. Jefferies Financial Group’s price objective points to a potential upside of 18.18% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Oppenheimer lifted their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wedbush lifted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Bank of America reaffirmed a “neutral” rating and issued a $297.00 price objective (down previously from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Finally, Evercore ISI reduced their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.77.

Visa Trading Down 0.1 %

Shares of NYSE:V opened at $253.84 on Wednesday. The firm has a fifty day moving average of $270.45 and a two-hundred day moving average of $274.25. The firm has a market capitalization of $464.26 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Visa has a 12-month low of $227.68 and a 12-month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. On average, equities analysts expect that Visa will post 9.94 EPS for the current fiscal year.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Visa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its position in Visa by 0.6% in the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit-card processor’s stock valued at $39,685,966,000 after buying an additional 788,908 shares in the last quarter. Capital International Investors boosted its position in Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit-card processor’s stock valued at $6,578,025,000 after buying an additional 626,618 shares in the last quarter. Capital World Investors boosted its position in Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit-card processor’s stock valued at $5,264,508,000 after buying an additional 968,008 shares in the last quarter. Norges Bank acquired a new position in Visa in the fourth quarter valued at about $3,895,015,000. Finally, Jennison Associates LLC boosted its position in Visa by 0.7% in the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after buying an additional 85,123 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.