William Blair Reaffirms “Outperform” Rating for Visa (NYSE:V)

Visa (NYSE:V)‘s stock had its “outperform” rating reiterated by stock analysts at William Blair in a research note issued on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for Visa’s Q3 2024 earnings at $2.39 EPS, Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

A number of other research analysts have also recently issued reports on V. UBS Group lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Raymond James lifted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. TD Cowen assumed 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. Finally, Citigroup lifted their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $302.58.

Visa Trading Up 0.1 %

Shares of V opened at $275.16 on Wednesday. Visa has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market capitalization of $505.33 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.90 and a beta of 0.96. The firm’s 50-day moving average price is $279.32 and its 200-day moving average price is $264.05. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) 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 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the company posted $2.09 EPS. Visa’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that Visa will post 9.89 EPS for the current year.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Visa in the third quarter worth $25,000. Livelsberger Financial Advisory purchased a new position in shares of Visa in the fourth quarter worth $25,000. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC raised its stake in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

About Visa

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.