Macquarie Reiterates “Outperform” Rating for Visa (NYSE:V)

Visa (NYSE:V)‘s stock had its “outperform” rating reissued by Macquarie in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $300.00 price target on the credit-card processor’s stock. Macquarie’s price target suggests a potential upside of 17.24% from the company’s current price.

V has been the subject of several other reports. TD Cowen decreased their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird upped their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Bank of America restated a “neutral” rating and issued a $297.00 target price (down from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Finally, Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.77.

Visa Trading Down 3.4 %

Visa stock traded down $8.91 during trading on Wednesday, reaching $255.88. The company had a trading volume of 8,986,446 shares, compared to its average volume of 6,871,867. Visa has a 12-month low of $227.68 and a 12-month high of $290.96. The stock’s 50 day moving average price is $271.52 and its two-hundred day moving average price is $274.54. The firm has a market capitalization of $467.99 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.87 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the firm earned $2.16 earnings per share. Visa’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts expect that Visa will post 9.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visa news, 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 transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were 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 owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently bought and sold shares of V. Livelsberger Financial Advisory bought a new position in Visa in the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Visa during the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter valued at about $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $33,000. Finally, TruNorth Capital Management LLC boosted its position in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

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.