Visa (NYSE:V) Trading Up 1% After Analyst Upgrade

Shares of Visa Inc. (NYSE:V) rose 1% on Friday after Truist Financial raised their price target on the stock from $371.00 to $394.00. Truist Financial currently has a buy rating on the stock. Visa traded as high as $355.84 and last traded at $355.2890. 4,479,982 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 7,969,976 shares. The stock had previously closed at $351.60.

Several other equities research analysts have also issued reports on the company. Evercore set a $350.00 price target on Visa in a report on Wednesday, April 29th. Loop Capital assumed coverage on shares of Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective on the stock. Robert W. Baird set a $412.00 target price on shares of Visa and gave the stock an “outperform” rating in a research report on Monday, July 6th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 price target on shares of Visa in a research note on Tuesday, June 2nd. Finally, Barclays assumed coverage on shares of Visa in a report on Tuesday, July 7th. They set an “overweight” rating and a $420.00 price target on the stock. Eight investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus price target of $399.41.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,581 shares of company stock valued at $25,627,975. Insiders own 0.12% of the company’s stock.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Truist raised Visa’s price target to $394 from $371 and kept a buy rating, signaling further upside potential. Visa price target raised by Truist Financial Corporation
• Positive Sentiment: Several previews of Visa’s upcoming Q3 results expect another earnings and revenue beat, supported by strong payment trends and digital payments growth. Visa’s Q3 Earnings Could be a Catalyst: Should You Buy Now?
• Positive Sentiment: Visa announced new partnership activity with Airwallex and Lianlian around embedded finance, freight, and agentic B2B commerce, reinforcing its growth opportunities in modern payment rails. Visa and Lianlian Advance Trusted B2B Agentic Commerce
• Positive Sentiment: Visa is also being highlighted by analysts and commentators as a wide-moat business with resilient consumer credit demand, which supports the stock’s premium valuation. Jim Cramer Highlights Visa (V) as Consumer Credit Demand Soars
• Neutral Sentiment: Visa was upgraded by BNP Paribas Exane, adding to the bullish analyst backdrop, though the report did not provide much detail on what specifically changed. Visa (NYSE:V) Upgraded at BNP Paribas Exane
• Neutral Sentiment: Some market coverage notes that Visa and Mastercard have held steady even as American Express sold off after earnings, reinforcing relative strength in the network model. American Express Sinks 6% After Q2 Earnings Beat as Visa, Mastercard Hold Steady

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ballast Inc. boosted its position in shares of Visa by 35.2% in the second quarter. Ballast Inc. now owns 6,234 shares of the credit-card processor’s stock valued at $2,139,000 after acquiring an additional 1,623 shares during the period. Regent Peak Wealth Advisors LLC increased its position in Visa by 2.4% during the second quarter. Regent Peak Wealth Advisors LLC now owns 5,336 shares of the credit-card processor’s stock worth $1,831,000 after acquiring an additional 123 shares during the period. Hyperion Asset Management Ltd raised its stake in Visa by 19.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 257,309 shares of the credit-card processor’s stock valued at $88,280,000 after purchasing an additional 42,660 shares during the last quarter. Northside Capital Management LLC boosted its holdings in Visa by 9.5% in the 2nd quarter. Northside Capital Management LLC now owns 53,200 shares of the credit-card processor’s stock valued at $18,253,000 after purchasing an additional 4,613 shares during the period. Finally, Investors Research Corp lifted its stake in shares of Visa by 301.8% in the second quarter. Investors Research Corp now owns 1,595 shares of the credit-card processor’s stock valued at $547,000 after buying an additional 1,198 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Up 1.0%

The firm has a market cap of $637.30 billion, a P/E ratio of 30.95, a PEG ratio of 1.88 and a beta of 0.75. The company’s 50 day moving average is $336.98 and its two-hundred day moving average is $325.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. On average, sell-side analysts predict that Visa Inc. will post 13.13 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio is presently 23.34%.

Visa declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.