Bank of America Reiterates “Neutral” Rating for Visa (NYSE:V)

Visa (NYSE:V)‘s stock had its “neutral” rating reiterated by analysts at Bank of America in a research note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $297.00 price objective on the credit-card processor’s stock, down from their previous price objective of $305.00. Bank of America‘s target price would suggest a potential upside of 13.12% from the stock’s previous close.

A number of other analysts also recently commented on the company. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Macquarie upped their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI lowered their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Mizuho upped their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.44.

Visa Stock Down 0.2 %

Shares of V stock opened at $262.55 on Wednesday. Visa has a 1-year low of $227.68 and a 1-year high of $290.96. The stock’s fifty day moving average price is $272.88 and its 200 day moving average price is $273.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $480.19 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.82 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. On average, research analysts expect that Visa will post 9.94 earnings per share for the current fiscal year.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alaethes Wealth LLC grew its position in Visa by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after purchasing an additional 37 shares in the last quarter. Jessup Wealth Management Inc grew its position in Visa by 0.7% during the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares in the last quarter. Long Run Wealth Advisors LLC grew its position in Visa by 2.5% during the 1st quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock worth $424,000 after purchasing an additional 37 shares in the last quarter. Cordatus Wealth Management LLC grew its position in Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after purchasing an additional 37 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after buying an additional 38 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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.