Visa (NYSE:V) Stock Price Expected to Rise, Piper Sandler Analyst Says

Visa (NYSE:V) had its target price boosted by equities researchers at Piper Sandler from $322.00 to $368.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the credit-card processor’s stock. Piper Sandler’s target price points to a potential upside of 11.45% from the company’s previous close.

V has been the subject of several other reports. TD Cowen lifted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup boosted their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price objective on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $334.58.

Visa Stock Up 0.6 %

Shares of NYSE:V opened at $330.20 on Friday. The firm has a market capitalization of $615.11 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50 day moving average price of $314.95 and a 200-day moving average price of $290.42. Visa has a 52-week low of $252.70 and a 52-week high of $331.09.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $2.33 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa will post 11.19 EPS for the current fiscal year.

Insider Activity at Visa

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

Institutional Trading of Visa

A number of large investors have recently made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in shares of Visa in the third quarter valued at about $26,000. Modus Advisors LLC purchased a new stake in Visa in the fourth quarter worth about $32,000. Reston Wealth Management LLC bought a new position in Visa during the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Visa during the 4th quarter valued at about $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

About Visa

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.