Redburn Atlantic Reiterates Neutral Rating for Visa (NYSE:V)

Visa (NYSE:V)‘s stock had its “neutral” rating reiterated by investment analysts at Redburn Atlantic in a report released on Wednesday, Marketbeat Ratings reports. They currently have a $307.00 target price on the credit-card processor’s stock. Redburn Atlantic’s target price suggests a potential upside of 10.12% from the stock’s previous close.

Several other equities research analysts also recently weighed in on V. Monness Crespi & Hardt assumed coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Wedbush upped their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Finally, Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five equities 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 has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Visa Stock Performance

NYSE:V opened at $278.78 on Wednesday. The company’s 50-day moving average is $279.11 and its two-hundred day moving average is $258.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market capitalization of $511.98 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the business posted $2.18 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that Visa will post 9.89 EPS for the current year.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of large investors have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new position in shares of Visa in the 4th quarter valued at about $10,837,000. Fairman Group LLC purchased a new position in Visa during the 4th quarter valued at about $92,000. Napatree Capital LLC purchased a new position in Visa during the 4th quarter valued at about $350,000. Livelsberger Financial Advisory purchased a new position in Visa during the 4th quarter valued at about $25,000. Finally, Grayhawk Investment Strategies Inc. increased its holdings in Visa by 252.9% during the 4th quarter. Grayhawk Investment Strategies Inc. now owns 307 shares of the credit-card processor’s stock valued at $80,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Company Profile

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.