UBS Group Boosts Visa (NYSE:V) Price Target to $325.00

Visa (NYSE:V) had its target price boosted by equities researchers at UBS Group from $315.00 to $325.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the credit-card processor’s stock. UBS Group’s target price would indicate a potential upside of 18.11% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. TD Cowen initiated coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Wedbush raised their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Up 0.1 %

Shares of Visa stock opened at $275.16 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a market capitalization of $505.33 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.90 and a beta of 0.96. The company’s 50 day moving average price is $279.32 and its 200-day moving average price is $264.05.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the business earned $2.09 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Visa will post 9.89 EPS for the current year.

Insider Transactions at Visa

In other 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 completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 in the last quarter. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Visa

Large investors have recently bought and sold shares of the business. Investment Advisory Services Inc. TX ADV increased its holdings in Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares in the last quarter. Nadler Financial Group Inc. increased its holdings in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares in the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa during the 4th quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Visa during the 4th quarter valued at about $3,427,000. Finally, Wayfinding Financial LLC grew its stake in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares during the period. 82.15% of the stock is currently owned by 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.