Mizuho Upgrades Visa (NYSE:V) to Outperform

Visa (NYSE:V) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday. The brokerage presently has a $425.00 price objective on the credit-card processor’s stock. Mizuho’s price target would indicate a potential upside of 15.48% from the stock’s previous close.

V has been the subject of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Truist Financial started coverage on shares of Visa in a research report on Monday. They set a “buy” rating and a $400.00 price target for the company. Wall Street Zen raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Piper Sandler boosted their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $372.80.

Visa Trading Up 0.6%

NYSE V opened at $368.04 on Thursday. Visa has a one year low of $252.70 and a one year high of $371.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $679.09 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company’s 50-day simple moving average is $344.66 and its two-hundred day simple moving average is $334.72.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $2.51 earnings per share. Equities analysts forecast that Visa will post 11.3 EPS for the current fiscal year.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,546,299 over the last quarter. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of V. Keystone Global Partners LLC acquired a new stake in shares of Visa during the 1st quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter worth approximately $27,000. von Borstel & Associates Inc. acquired a new stake in Visa in the first quarter valued at approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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.