Visa (NYSE:V) Price Target Raised to $396.00

Visa (NYSE:V) had its target price lifted by stock analysts at Barclays from $361.00 to $396.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the credit-card processor’s stock. Barclays‘s price target points to a potential upside of 15.77% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Mizuho raised their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday. Bank of America boosted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Price Performance

V stock opened at $342.05 on Monday. The stock has a 50-day moving average price of $317.74 and a two-hundred day moving average price of $293.27. The company has a market cap of $637.19 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa has a 12-month low of $252.70 and a 12-month high of $351.25.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts predict that Visa will post 11.2 EPS for the current year.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently modified their holdings of the stock. Czech National Bank lifted its stake in Visa by 13.4% during the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after buying an additional 40,268 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Visa by 17.1% during the third quarter. GAMMA Investing LLC now owns 33,270 shares of the credit-card processor’s stock valued at $9,148,000 after acquiring an additional 4,848 shares during the period. Herbst Group LLC lifted its position in shares of Visa by 75.8% in the 3rd quarter. Herbst Group LLC now owns 9,105 shares of the credit-card processor’s stock valued at $2,503,000 after acquiring an additional 3,925 shares in the last quarter. WealthBridge Capital Management LLC boosted its stake in Visa by 16.8% in the 3rd quarter. WealthBridge Capital Management LLC now owns 4,437 shares of the credit-card processor’s stock worth $1,220,000 after purchasing an additional 638 shares during the period. Finally, Smith Anglin Financial LLC grew its position in Visa by 0.7% during the 3rd quarter. Smith Anglin Financial LLC now owns 5,912 shares of the credit-card processor’s stock worth $1,625,000 after purchasing an additional 43 shares in the last quarter. 82.15% of the stock is currently 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.