Visa’s (V) Outperform Rating Reaffirmed at William Blair

Visa (NYSE:V)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a research report issued to clients and investors on Friday,RTT News reports.

V has been the subject of several other research reports. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Mizuho increased their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Barclays boosted their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Susquehanna boosted their price target on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $342.62.

Visa Stock Up 0.6 %

V traded up $2.21 during trading on Friday, hitting $345.26. 3,758,215 shares of the company’s stock were exchanged, compared to its average volume of 5,651,792. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The stock has a market cap of $643.17 billion, a P/E ratio of 35.51, a PEG ratio of 2.27 and a beta of 0.96. The business’s 50 day moving average is $317.09 and its two-hundred day moving average is $292.45.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, equities analysts expect that Visa will post 11.18 earnings per share for the current fiscal year.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Czech National Bank grew its stake in shares of Visa by 13.4% during the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after acquiring an additional 40,268 shares during the period. Unique Wealth LLC increased its stake in Visa by 16.7% in the 3rd quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor’s stock worth $2,246,000 after buying an additional 1,171 shares in the last quarter. SG Americas Securities LLC increased its stake in Visa by 4,412.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock worth $1,119,725,000 after buying an additional 4,166,905 shares in the last quarter. Farmers Trust Co. lifted its position in shares of Visa by 0.6% in the third quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor’s stock valued at $7,086,000 after acquiring an additional 154 shares in the last quarter. Finally, Delta Financial Group Inc. boosted its stake in shares of Visa by 1.3% in the third quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor’s stock worth $2,110,000 after acquiring an additional 99 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

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.