Visa (NYSE:V) PT Raised to $335.00 at Evercore ISI

Visa (NYSE:V) had its price target upped by analysts at Evercore ISI from $325.00 to $335.00 in a report released 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 subject of several other research reports. Wells Fargo & Company raised their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Citigroup raised their price objective on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Monness Crespi & Hardt assumed coverage on shares of Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. UBS Group raised their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada lifted their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $295.82.

Visa Stock Performance

Visa 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 cap of $512.42 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The firm has a 50 day simple moving average of $278.86 and a 200-day simple moving average of $258.51. Visa has a 1-year low of $216.14 and a 1-year high of $290.96.

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

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were 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 in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated 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 transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently modified their holdings of V. Investment Advisory Services Inc. TX ADV increased its position in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the last quarter. Camarda Financial Advisors LLC increased its position in Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after purchasing an additional 182 shares during the last quarter. Cibc World Market Inc. grew its stake in Visa by 1.8% during the second quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock worth $186,042,000 after buying an additional 14,022 shares during the period. Wayfinding Financial LLC grew its stake in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the period. Finally, Richelieu Gestion SA purchased a new stake in Visa during the fourth quarter worth approximately $307,000. Institutional investors and hedge funds 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.