Keefe, Bruyette & Woods Raises Visa (NYSE:V) Price Target to $360.00

Visa (NYSE:V) had its target price boosted by investment analysts at Keefe, Bruyette & Woods from $335.00 to $360.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the credit-card processor’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 15.95% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Susquehanna raised their price target on shares of Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Mizuho boosted their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.41.

Visa Price Performance

Shares of V traded down $0.54 during mid-day trading on Monday, hitting $310.47. 1,574,481 shares of the company were exchanged, compared to its average volume of 6,911,861. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa has a 1-year low of $252.70 and a 1-year high of $317.42. The stock has a market cap of $578.37 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. The company has a 50 day moving average of $295.71 and a 200-day moving average of $279.74.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Analysts expect that Visa will post 11.19 EPS for the current fiscal year.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently added to or reduced their stakes in the company. Arjuna Capital grew its holdings in shares of Visa by 0.8% during the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after purchasing an additional 96 shares during the period. Custom Index Systems LLC purchased a new stake in Visa during the third quarter worth approximately $731,000. FORA Capital LLC acquired a new stake in shares of Visa in the third quarter worth $7,987,000. Chicago Capital LLC raised its stake in shares of Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after acquiring an additional 20,023 shares during the period. Finally, Baader Bank Aktiengesellschaft increased its holdings in Visa by 9.3% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor’s stock valued at $15,299,000 after purchasing an additional 4,988 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.