Truist Financial Issues Positive Forecast for Visa (NYSE:V) Stock Price

Visa (NYSE:V) had its price objective raised by analysts at Truist Financial from $371.00 to $394.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the credit-card processor’s stock. Truist Financial’s price target suggests a potential upside of 12.03% from the company’s previous close.

A number of other equities analysts also recently commented on the company. BNP Paribas Exane upgraded Visa to a “strong-buy” rating in a research note on Tuesday. Piper Sandler initiated coverage on Visa in a report on Monday, June 29th. They set an “overweight” rating and a $394.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 target price on shares of Visa in a research report on Wednesday, April 29th. Evercore set a $350.00 price target on Visa in a report on Wednesday, April 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus price target of $399.41.

Visa Stock Down 0.5%

Shares of NYSE:V opened at $351.68 on Friday. Visa has a 12-month low of $293.89 and a 12-month high of $365.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm has a market cap of $630.84 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.88 and a beta of 0.75. The company has a fifty day simple moving average of $336.98 and a 200 day simple moving average of $325.13.

Visa (NYSE:V) last released its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. On average, equities research analysts anticipate that Visa will post 13.13 EPS for the current fiscal year.

Visa declared that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently made changes to their positions in V. Clayton Financial Group LLC boosted its stake in Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp boosted its stake in Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. bought a new position in Visa during the fourth quarter valued at about $26,000. Parvin Asset Management LLC grew its holdings in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the period. Finally, Dorato Capital Management bought a new stake in Visa in the fourth quarter worth about $30,000. 82.15% of the stock is currently owned by institutional investors.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst sentiment around the company ahead of earnings. Visa (NYSE:V) Upgraded at BNP Paribas Exane
• Positive Sentiment: Visa and Lianlian completed the first live B2B agentic transaction using LoopXPay, highlighting Visa’s push into AI-driven commerce and automated business payments. Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction
• Positive Sentiment: Visa partnered with Airwallex to build embedded-finance tools for freight and shipping companies, expanding its footprint in cross-border commerce and working-capital solutions. Visa and Airwallex Team on Embedded Finance for Freight Companies
• Positive Sentiment: DoorDash’s use of Visa Direct for instant deposits underscores ongoing adoption of Visa’s real-time money-movement network in consumer and gig-economy payments. DoorDash Taps Astra to Fast-Track Instant Deposits for Drivers
• Neutral Sentiment: Wall Street coverage ahead of Visa’s July 28 fiscal Q3 report is mixed but generally constructive, with estimates calling for continued double-digit revenue growth and strong earnings. Visa’s Q3 Earnings Could be a Catalyst: Should You Buy Now?
• Neutral Sentiment: Visa remains a widely viewed “wide-moat” stock, which supports the long-term investment case but is not a fresh catalyst by itself. Top Wide-Moat Stocks to Invest in for Sustainable Growth
• Negative Sentiment: Some headlines are more cautionary, focusing on whether Visa’s premium valuation is fully justified going into earnings, which can weigh on sentiment if results disappoint. Visa’s Q3 Earnings Could be a Catalyst: Should You Buy Now?

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.