Visa (NYSE:V) Price Target Raised to $384.00 at The Goldman Sachs Group

Visa (NYSE:V) had its price target hoisted by equities research analysts at The Goldman Sachs Group from $346.00 to $384.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the credit-card processor’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 11.55% from the company’s previous close.

Several other research analysts have also issued reports on V. TD Cowen increased their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler lifted their price target on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $345.77.

Visa Trading Up 0.3 %

Shares of V stock traded up $1.18 during trading hours on Friday, hitting $344.23. 4,049,984 shares of the company were exchanged, compared to its average volume of 5,664,241. 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 fifty-two week low of $252.70 and a fifty-two week high of $351.25. The company has a 50 day simple moving average of $317.09 and a two-hundred day simple moving average of $292.45. The firm has a market cap of $641.27 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Equities analysts anticipate that Visa will post 11.18 EPS for the current year.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Peterson Financial Group Inc. bought a new position in shares of Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter worth approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the third quarter valued at approximately $31,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors.

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.