Visa (NYSE:V) Price Target Raised to $405.00

Visa (NYSE:V) had its price target lifted by analysts at BMO Capital Markets from $387.00 to $405.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. BMO Capital Markets’ price target indicates a potential upside of 9.61% from the company’s current price.

V has been the subject of several other reports. Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 price target on shares of Visa in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. BNP Paribas Exane raised Visa to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Truist Financial raised their target price on Visa from $371.00 to $394.00 and gave the company a “buy” rating in a report on Friday, July 24th. Eight analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $411.00.

Visa Stock Up 0.8%

V stock traded up $2.91 during trading on Wednesday, reaching $369.50. 2,263,895 shares of the stock were exchanged, compared to its average volume of 7,946,860. Visa has a twelve month low of $293.89 and a twelve month high of $371.16. The firm’s 50 day moving average is $338.90 and its 200 day moving average is $325.25. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm has a market cap of $662.79 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the firm posted $2.98 EPS. Visa’s revenue was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Visa will post 13.12 EPS for the current year.

Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Ryan Mcinerney sold 20,970 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,162,953.50. This trade represents a 58.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This trade represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,126 shares of company stock valued at $14,928,871 in the last three months. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Visa

Several hedge funds and other institutional investors have recently modified their holdings of V. Clayton Financial Group LLC raised its holdings in shares of Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. PayPay Securities Corp raised its stake in Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Cresta Advisors Ltd. purchased a new stake in Visa in the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC lifted its position in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in Visa during the fourth quarter valued at approximately $30,000. Institutional investors own 82.15% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa exceeded expectations with fiscal Q3 earnings of $3.32 per share versus the $3.23 consensus, while revenue rose 14.4% year over year to $11.63 billion, ahead of estimates. Payments volume surpassed $4 trillion, supporting the view that consumer and business spending remains resilient. Visa Posts Strong Q3 Results
• Positive Sentiment: Several analysts became more bullish after the results. JPMorgan raised its price target to $450 from $400 and maintained an overweight rating; Robert W. Baird increased its target to $420 from $412 with an outperform rating; Cantor Fitzgerald reaffirmed overweight with a $410 target. Analyst Ratings and Price Targets
• Positive Sentiment: The planned reduction of approximately 2,600 jobs, or 7% of Visa’s workforce, is being viewed by some investors as a way to improve efficiency and fund growth in artificial intelligence, stablecoins, commercial payments and money-movement services. Visa also declared a quarterly dividend of $0.67 per share. Visa Workforce Reduction
• Positive Sentiment: Visa is expanding future growth opportunities through Visa Direct, stablecoin settlement infrastructure and partnerships such as the Visa-branded debit card supporting X Money. These initiatives could broaden revenue beyond traditional card payments. Visa Stablecoin Strategy

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.