Visa (NYSE:V) Price Target Raised to $325.00

Visa (NYSE:V) had its price objective lifted by equities researchers at UBS Group from $315.00 to $325.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the credit-card processor’s stock. UBS Group’s target price would suggest a potential upside of 17.60% from the company’s current price.

A number of other research firms have also recently weighed in on V. Citigroup upped their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Evercore ISI increased their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $302.43.

Visa Price Performance

Shares of NYSE:V traded up $2.25 during trading on Wednesday, hitting $276.36. 4,026,682 shares of the company’s stock were exchanged, compared to its average volume of 5,851,841. Visa has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $507.54 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.88 and a beta of 0.96. The business’s 50-day simple moving average is $279.49 and its 200 day simple moving average is $263.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. As a group, equities analysts predict that Visa will post 9.88 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently modified their holdings of V. Westend Capital Management LLC bought a new position in Visa in the 1st quarter valued at $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $33,000. 82.15% of the stock is owned by institutional investors and hedge funds.

About Visa

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.