Visa (NYSE:V) Given New $335.00 Price Target at Evercore ISI

Visa (NYSE:V) had its price objective raised by research analysts at Evercore ISI from $325.00 to $335.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the credit-card processor’s stock. Evercore ISI’s price target suggests a potential upside of 20.06% from the stock’s previous close.

V has been the topic of a number of other research reports. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Monness Crespi & Hardt assumed coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Wedbush lifted their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Mizuho lifted their price target on Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Visa Stock Down 0.6 %

V stock opened at $279.02 on Tuesday. 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 stock has a market capitalization of $512.42 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.94 and a beta of 0.96. The business’s fifty day moving average price is $278.86 and its two-hundred day moving average price is $258.51. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the business earned $2.18 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Visa will post 9.9 earnings per share for the current year.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hibernia Wealth Partners LLC purchased a new stake in Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Visa during the 3rd quarter worth about $25,000. Livelsberger Financial Advisory bought a new position in Visa in the 4th quarter worth about $25,000. West Tower Group LLC bought a new position in Visa in the 2nd quarter worth about $30,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.