Visa (NYSE:V) Now Covered by Loop Capital

Investment analysts at Loop Capital started coverage on shares of Visa (NYSE:VGet Free Report) in a report issued on Tuesday. The firm set a “buy” rating and a $387.00 price target on the credit-card processor’s stock. Loop Capital’s price target indicates a potential upside of 29.35% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Bank of America initiated coverage on shares of Visa in a report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Friday, January 30th. HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Piper Sandler set a $160.00 price objective on shares of Visa in a report on Wednesday, January 28th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $392.42.

View Our Latest Stock Analysis on Visa

Visa Stock Up 1.2%

Shares of NYSE V opened at $299.19 on Tuesday. The company has a market capitalization of $543.07 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day simple moving average of $317.09 and a 200-day simple moving average of $332.51. Visa has a 1 year low of $294.32 and a 1 year high of $375.51.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.75 earnings per share. On average, equities research analysts predict that Visa will post 11.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

Large investors have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Visa in the 4th quarter valued at approximately $861,000. Purpose Unlimited Inc. purchased a new position in Visa in the fourth quarter valued at $1,404,000. Stance Capital LLC raised its stake in Visa by 54.4% in the fourth quarter. Stance Capital LLC now owns 12,910 shares of the credit-card processor’s stock valued at $4,528,000 after buying an additional 4,547 shares in the last quarter. Carter Financial LLC purchased a new stake in Visa during the 4th quarter worth about $610,000. Finally, Cornerstone Planning LLC purchased a new stake in Visa during the 4th quarter worth about $3,688,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

About Visa

(Get Free Report)

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.

See Also

Analyst Recommendations for Visa (NYSE:V)

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