Visa (NYSE:V) Price Target Raised to $320.00 at Robert W. Baird

Visa (NYSE:V) had its price objective increased by stock analysts at Robert W. Baird from $314.00 to $320.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. Robert W. Baird’s price objective suggests a potential upside of 17.92% from the stock’s current price.

Several other equities analysts have also recently issued reports on V. Raymond James boosted their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. UBS Group increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued 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 $298.43.

Visa Price Performance

Shares of NYSE V opened at $271.37 on Wednesday. Visa has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $279.71 and a 200-day simple moving average of $262.62. The stock has a market capitalization of $498.37 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.18 EPS. On average, equities analysts predict that Visa will post 9.88 earnings per share for the current fiscal year.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly 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. In the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

A number of hedge funds have recently added to or reduced their stakes in V. Vanguard Group Inc. raised its position in shares of Visa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 141,413,922 shares of the credit-card processor’s stock worth $36,817,115,000 after acquiring an additional 361,254 shares during the last quarter. State Street Corp raised its holdings in Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after purchasing an additional 2,572,159 shares during the last quarter. Morgan Stanley boosted its stake in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. FMR LLC boosted its stake in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares during the period. Institutional investors and hedge funds 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.