Piper Sandler Issues Positive Forecast for Visa (NYSE:V) Stock Price

Visa (NYSE:V) had its price target boosted by investment analysts at Piper Sandler from $322.00 to $368.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. Piper Sandler’s price objective would indicate a potential upside of 12.13% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Susquehanna lifted their target price on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Finally, Citigroup lifted their target price on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four investment 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’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.58.

Visa Price Performance

V opened at $328.18 on Friday. The business’s 50-day moving average is $314.14 and its two-hundred day moving average is $289.71. Visa has a 1 year low of $252.70 and a 1 year high of $328.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $611.36 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

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

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s 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 completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Trading of Visa

Several large investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC purchased a new stake in Visa in the 4th quarter valued at $759,000. Blossom Wealth Management grew its holdings in shares of Visa by 3.6% during the 4th quarter. Blossom Wealth Management now owns 2,909 shares of the credit-card processor’s stock worth $919,000 after purchasing an additional 102 shares during the period. Dohj LLC grew its holdings in shares of Visa by 2.6% during the 4th quarter. Dohj LLC now owns 13,204 shares of the credit-card processor’s stock worth $4,173,000 after purchasing an additional 337 shares during the period. AJ Advisors LLC grew its holdings in shares of Visa by 2.8% during the 4th quarter. AJ Advisors LLC now owns 1,614 shares of the credit-card processor’s stock worth $510,000 after purchasing an additional 44 shares during the period. Finally, Western Financial Corp CA grew its holdings in shares of Visa by 27.4% during the 4th quarter. Western Financial Corp CA now owns 1,340 shares of the credit-card processor’s stock worth $423,000 after purchasing an additional 288 shares during the period. 82.15% of the stock is currently owned by hedge funds and other 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.