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

Visa (NYSE:V) had its price target upped by analysts at UBS Group from $315.00 to $325.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. UBS Group’s price target suggests a potential upside of 17.60% from the stock’s current price.

Other analysts have also issued research reports about the company. Citigroup increased their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday. Royal Bank of Canada increased their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Oppenheimer raised their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.43.

Visa Price Performance

V traded up $2.25 during midday trading on Wednesday, hitting $276.36. The stock had a trading volume of 4,026,682 shares, compared to its average volume of 5,851,841. The company has a market cap of $507.54 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Visa has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The business has a fifty day moving average of $279.49 and a 200 day moving average of $263.90.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. As a group, equities analysts forecast that Visa will post 9.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now 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 this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 value of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Several hedge funds and other institutional investors have recently made changes to their positions in V. Wells Trecaso Financial Group LLC lifted its position in Visa by 1.3% during the first quarter. Wells Trecaso Financial Group LLC now owns 29,866 shares of the credit-card processor’s stock worth $8,335,000 after buying an additional 370 shares in the last quarter. Ackerman Capital Advisors LLC lifted its position in Visa by 4.8% during the first quarter. Ackerman Capital Advisors LLC now owns 3,476 shares of the credit-card processor’s stock worth $970,000 after buying an additional 158 shares in the last quarter. Avitas Wealth Management LLC lifted its position in Visa by 0.3% during the first quarter. Avitas Wealth Management LLC now owns 20,773 shares of the credit-card processor’s stock worth $5,797,000 after buying an additional 72 shares in the last quarter. Essex Financial Services Inc. raised its position in Visa by 1.7% in the first quarter. Essex Financial Services Inc. now owns 23,358 shares of the credit-card processor’s stock valued at $6,519,000 after purchasing an additional 395 shares during the period. Finally, Dechtman Wealth Management LLC purchased a new stake in Visa in the first quarter valued at $288,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.