Visa (NYSE:V) PT Raised to $275.00

Visa (NYSE:V) had its price target upped by research analysts at Mizuho from $265.00 to $275.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the credit-card processor’s stock. Mizuho’s price objective would indicate a potential upside of 2.42% from the stock’s current price.

A number of other brokerages have also commented on V. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Susquehanna raised their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Barclays boosted their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $303.00.

Visa Price Performance

Visa stock opened at $268.49 on Thursday. The firm has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. Visa has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The business has a fifty day moving average price of $278.47 and a 200-day moving average price of $265.22.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 earnings per share. As a group, equities research analysts forecast that Visa will post 9.94 EPS for the current year.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,724 shares of company stock valued at $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

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

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.