The Goldman Sachs Group Boosts Visa (NYSE:V) Price Target to $384.00

Visa (NYSE:VGet Free Report) had its price objective hoisted by equities research analysts at The Goldman Sachs Group from $346.00 to $384.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the credit-card processor’s stock. The Goldman Sachs Group’s target price points to a potential upside of 11.55% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Barclays lifted their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Mizuho lifted their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $345.77.

View Our Latest Stock Report on V

Visa Trading Up 0.3 %

NYSE:V traded up $1.18 during mid-day trading on Friday, hitting $344.23. The company had a trading volume of 4,049,984 shares, compared to its average volume of 5,664,241. The firm has a market cap of $641.27 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.27 and a beta of 0.96. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The business’s fifty day moving average is $317.09 and its two-hundred day moving average is $292.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insider Activity

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

Hedge Funds Weigh In On Visa

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Czech National Bank lifted its holdings in shares of Visa by 13.4% during the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after purchasing an additional 40,268 shares during the period. Unique Wealth LLC raised its position in Visa by 16.7% during the 3rd quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor’s stock worth $2,246,000 after purchasing an additional 1,171 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Visa by 4,412.3% during 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 during the period. Farmers Trust Co. grew its position in shares of Visa by 0.6% in the 3rd quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor’s stock valued at $7,086,000 after buying an additional 154 shares during the last quarter. Finally, Delta Financial Group Inc. increased 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 valued at $2,110,000 after buying an additional 99 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Company Profile

(Get Free Report)

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.

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