Visa (NYSE:V) PT Raised to $300.00

Visa (NYSE:V) had its price objective raised by stock analysts at Macquarie from $290.00 to $300.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the credit-card processor’s stock. Macquarie’s price target points to a potential upside of 9.03% from the stock’s current price.

Other research analysts have also issued reports about the stock. TD Cowen initiated coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays raised their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Mizuho restated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, Wedbush raised their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Trading Up 0.1 %

V stock opened at $275.16 on Wednesday. The firm has a fifty day moving average price of $279.32 and a 200 day moving average price of $264.05. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $505.33 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm posted $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Visa will post 9.88 earnings per share for the current fiscal year.

Insider Activity at Visa

In other Visa news, 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 value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock worth $5,256,352 over the last three months. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visa

A number of large investors have recently modified their holdings of V. Westend Capital Management LLC acquired a new position in shares of Visa during the first quarter valued at about $25,000. Livelsberger Financial Advisory acquired a new position in Visa in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Visa in the 4th quarter worth approximately $33,000. 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.