Economy

Visa Inc. (NYSE:V) PT Raised to $106.00

Visa Inc. (NYSE:V) PT Raised to $106.00

The institutional investor owned 63,380 shares of the credit-card processor's stock after selling 670 shares during the period.

Several other large investors have also added to or reduced their stakes in the company. Harwood Advisory Group LLC increased its stake in Visa by 0.9% in the second quarter. Bessemer Group Inc. now owns 2,041,280 shares of the credit-card processor's stock worth $159,260,000 after buying an additional 1,934,482 shares during the last quarter. Nicolet Bankshares Inc. boosted its stake in shares of Visa by 0.3% in the first quarter. Bluestein R H & Co. now owns 402,675 shares of the credit-card processor's stock valued at $31,417,000 after buying an additional 23,815 shares during the period.

Fj Capital Management Llc increased Royal Bancshares Pa Inc (RBPAA) stake by 33.3% reported in 2016Q4 SEC filing. The Jacobs Levy Equity Management Inc holds 27,100 shares with $1.95 million value, up from 19,710 last quarter.

Several hedge funds have recently bought and sold shares of V. Integrated Investment Consultants LLC increased its stake in Visa by 0.7% in the first quarter. Advantage Investment Management LLC boosted its stake in shares of Visa by 27.4% in the first quarter. Institutional investors own 81.92% of the company's stock. Concert Wealth Management Inc acquired 18,662 shares as Visa Inc (V)'s stock rose 5.74%. Bancorp Of Nova Scotia holds 0.13% in Visa Inc (NYSE:V) or 323,649 shares. Everpoint Asset Mgmt Limited Company accumulated 1.55% or 1.07 million shares. $91.87's average target is -6.49% below currents $98.25 stock price. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $99.14. The company has a market cap of $226.61 billion, a price-to-earnings ratio of 49.03 and a beta of 0.93.

Visa (NYSE:V) last announced its earnings results on Thursday, April 20th. The credit card giant said that it had $0.86 in earnings per share (EPS) and $4.6 billion in revenue, versus consensus estimates from Thomson Reuters that called for $0.81 in EPS and $4.36 billion in revenue.

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Beat revenue estimates. The company saw revenue figures of $4.6 billion, topping our consensus estimate of $4.36 billion and increasing 26% year-over-year.

Total Visa processed transactions were 28.5 billion during the third quarter, a 44% increase over the year ago period. Visa's revenue was up 23.5% compared to the same quarter a year ago. During the same quarter previous year, the business posted $0.68 EPS. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%.

Visa declared that its board has authorized a share repurchase program on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization authorizes the credit-card processor to purchase up to 2.4% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This article was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark legislation. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/07/20/visas-v-buy-rating-reaffirmed-at-jefferies-group-llc-updated-updated.html. Visa Inc. had 54 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded Visa from a "hold" rating to a "buy" rating and set a $95.32 price target for the company in a report on Thursday, April 27th. RBC Capital Markets maintained Visa Inc (NYSE:V) rating on Tuesday, November 3. BidaskClub upgraded shares of Visa from a hold rating to a buy rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. restated a "buy" rating and set a $100.00 target price on shares of Visa in a research report on Thursday, May 25th. Instinet reiterated a "buy" rating and issued a $105.00 price objective (up previously from $103.00) on shares of Visa in a research note on Sunday, April 23rd. The company has a consensus rating of "Buy" and a consensus price target of $99.25. The stock had a trading volume of 8,353,044 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock declined 0.24% or $0.2 reaching $83.05 on the news.

Visa Inc. (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments.


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