Piper Sandler Lowers Visa (NYSE:V) Price Target to $319.00

Visa (NYSE:V) had its price objective decreased by equities researchers at Piper Sandler from $322.00 to $319.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the credit-card processor’s stock. Piper Sandler’s target price would indicate a potential upside of 25.67% from the company’s current price.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Visa from $302.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 18th. Royal Bank of Canada lifted their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Wedbush lifted their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $304.77.

Visa Stock Down 0.1 %

Shares of NYSE:V opened at $253.84 on Wednesday. The business’s 50-day moving average is $270.45 and its 200-day moving average is $274.25. Visa has a 1 year low of $227.68 and a 1 year high of $290.96. The company has a market capitalization of $464.26 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 52.04%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 earnings per share. Equities research analysts predict that Visa will post 9.94 earnings per share for the current year.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on 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 sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of V. Nadler Financial Group Inc. grew its holdings in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after acquiring an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new position in Visa during the 4th quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in Visa in the 4th quarter worth approximately $3,427,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Visa by 1.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 75,421 shares of the credit-card processor’s stock worth $19,636,000 after buying an additional 795 shares during the last quarter. Finally, Cedrus LLC raised its holdings in shares of Visa by 10.1% during the fourth quarter. Cedrus LLC now owns 2,010 shares of the credit-card processor’s stock valued at $523,000 after acquiring an additional 184 shares in the last quarter. 82.15% of the stock is owned by 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.