Visa (NYSE:V) PT Raised to $320.00 at Robert W. Baird

Visa (NYSE:V) had its target price lifted by analysts at Robert W. Baird from $314.00 to $320.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. Robert W. Baird’s price objective suggests a potential upside of 17.92% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Monness Crespi & Hardt began coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp boosted their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Stock Performance

V stock opened at $271.37 on Wednesday. Visa has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $279.71 and a 200-day moving average price of $262.62. The firm has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Visa will post 9.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were 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 directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of large investors have recently made changes to their positions in V. Vanguard Group Inc. grew its stake in Visa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 141,413,922 shares of the credit-card processor’s stock worth $36,817,115,000 after purchasing an additional 361,254 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 3.7% during the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after buying an additional 2,572,159 shares during the period. Morgan Stanley raised its holdings in shares of Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after acquiring an additional 5,864,340 shares in the last quarter. FMR LLC lifted its stake in Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares in the last quarter. 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.