Jefferies Financial Group Issues Positive Forecast for Visa (NYSE:V) Stock Price

Visa (NYSE:V) had its price target increased by Jefferies Financial Group from $320.00 to $330.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the credit-card processor’s stock.

A number of other analysts also recently issued reports on the company. Macquarie restated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research report on Friday, September 27th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Oppenheimer reiterated an “outperform” rating and set a $321.00 target price (up from $318.00) on shares of Visa in a research report on Wednesday. Piper Sandler lifted their target price on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen decreased their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.07.

Visa Trading Up 2.9 %

Shares of NYSE V opened at $290.16 on Wednesday. The business’s 50 day moving average is $280.09 and its two-hundred day moving average is $273.38. Visa has a 1-year low of $232.99 and a 1-year high of $295.78. The stock has a market capitalization of $530.68 billion, a P/E ratio of 32.42, a PEG ratio of 1.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

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 company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. As a group, research analysts expect that Visa will post 9.92 EPS for the current year.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

Large investors have recently modified their holdings of the business. Donald L. Hagan LLC lifted its holdings in shares of Visa by 32.1% during the third quarter. Donald L. Hagan LLC now owns 1,366 shares of the credit-card processor’s stock worth $376,000 after purchasing an additional 332 shares during the period. Maia Wealth LLC lifted its holdings in shares of Visa by 11.5% during the third quarter. Maia Wealth LLC now owns 9,109 shares of the credit-card processor’s stock worth $2,580,000 after purchasing an additional 943 shares during the period. Umpqua Bank lifted its holdings in shares of Visa by 2.2% during the third quarter. Umpqua Bank now owns 9,610 shares of the credit-card processor’s stock worth $2,642,000 after purchasing an additional 208 shares during the period. Foster & Motley Inc. lifted its holdings in shares of Visa by 81.3% during the third quarter. Foster & Motley Inc. now owns 10,301 shares of the credit-card processor’s stock worth $2,832,000 after purchasing an additional 4,620 shares during the period. Finally, Harvest Portfolios Group Inc. lifted its holdings in shares of Visa by 4.7% during the third quarter. Harvest Portfolios Group Inc. now owns 69,056 shares of the credit-card processor’s stock worth $18,987,000 after purchasing an additional 3,071 shares during the period. 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.