Visa (NYSE:V) Stock Price Expected to Rise, Mizuho Analyst Says

Visa (NYSE:V) had its price objective increased by research analysts at Mizuho from $279.00 to $292.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the credit-card processor’s stock. Mizuho’s target price points to a potential upside of 0.26% from the stock’s current price.

Several other analysts have also recently weighed in on V. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 target price on shares of Visa in a report on Thursday, September 12th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.70.

Visa Trading Up 0.5 %

Shares of Visa stock traded up $1.38 on Friday, hitting $291.23. 2,843,619 shares of the company’s stock traded hands, compared to its average volume of 7,058,857. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. Visa has a one year low of $239.20 and a one year high of $296.34. The company has a fifty day moving average of $280.53 and a two-hundred day moving average of $273.50. The company has a market capitalization of $530.71 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Visa will post 11.12 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’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 transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Visa

Several large investors have recently bought and sold shares of the stock. Provident Trust Co. grew its stake in Visa by 0.5% during the 3rd quarter. Provident Trust Co. now owns 1,475,411 shares of the credit-card processor’s stock valued at $405,664,000 after purchasing an additional 7,918 shares during the last quarter. Galvin Gaustad & Stein LLC lifted its holdings in Visa by 1.3% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 85,781 shares of the credit-card processor’s stock valued at $23,586,000 after purchasing an additional 1,109 shares in the last quarter. Holistic Planning LLC lifted its stake in Visa by 31.2% in the 3rd quarter. Holistic Planning LLC now owns 2,535 shares of the credit-card processor’s stock worth $697,000 after purchasing an additional 603 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $17,135,000. Finally, Hollencrest Capital Management grew its position in shares of Visa by 0.5% in the third quarter. Hollencrest Capital Management now owns 110,895 shares of the credit-card processor’s stock valued at $30,491,000 after purchasing an additional 504 shares in the last quarter. Hedge funds and other 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.