Visa (NYSE:V) Price Target Raised to $339.00

Visa (NYSE:V) had its target price lifted by equities researchers at Susquehanna from $326.00 to $339.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the credit-card processor’s stock. Susquehanna’s price target points to a potential upside of 16.75% from the company’s current price.

A number of other brokerages have also commented on V. Macquarie reiterated an “outperform” rating and set a $300.00 price target on shares of Visa in a report on Friday, September 27th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Oppenheimer began coverage on Visa in a report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 target price on the stock. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, William Blair upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $316.26.

Visa Stock Performance

V stock traded up $8.48 during midday trading on Wednesday, reaching $290.36. 1,519,224 shares of the company were exchanged, compared to its average volume of 7,036,174. Visa has a one year low of $232.99 and a one year high of $295.78. The firm has a market capitalization of $531.05 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The business has a 50-day moving average price of $279.65 and a two-hundred day moving average price of $273.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 earnings per share. Equities research analysts forecast that Visa will post 9.92 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

Several institutional investors and hedge funds have recently modified their holdings of the stock. KMG Fiduciary Partners LLC lifted its position in shares of Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock worth $3,831,000 after purchasing an additional 37 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in Visa by 15.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock valued at $74,000 after buying an additional 37 shares during the period. Tlwm raised its stake in shares of Visa by 0.7% during the second quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock valued at $1,376,000 after acquiring an additional 38 shares in the last quarter. Meridian Financial Partners LLC grew its stake in Visa by 0.5% in the second quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock worth $2,196,000 after purchasing an additional 38 shares in the last quarter. Finally, First National Corp MA ADV raised its position in Visa by 1.0% during the 3rd quarter. First National Corp MA ADV now owns 3,841 shares of the credit-card processor’s stock valued at $1,056,000 after purchasing an additional 38 shares in the last quarter. 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.