Visa (NYSE:V) Price Target Increased to $330.00 by Analysts at Robert W. Baird

Visa (NYSE:V) had its price objective boosted by research analysts at Robert W. Baird from $320.00 to $330.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the credit-card processor’s stock. Robert W. Baird’s target price would indicate a potential upside of 14.78% from the stock’s current price.

A number of other equities analysts also recently commented on V. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Evercore ISI lowered their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $322.00 price objective on shares of Visa in a research note on Wednesday, September 25th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Finally, William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Stock Performance

Shares of Visa stock opened at $287.51 on Thursday. The firm has a market cap of $525.83 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa has a 1 year low of $228.03 and a 1 year high of $293.07. The firm’s 50-day simple moving average is $275.69 and its 200-day simple moving average is $272.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS. Equities analysts forecast that Visa will post 9.92 earnings per share for the current fiscal year.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Howard Capital Management Group LLC boosted its position in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Visa by 1.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 441,939 shares of the credit-card processor’s stock valued at $121,511,000 after buying an additional 8,288 shares in the last quarter. Marathon Asset Management Ltd lifted its stake in Visa by 2.4% during the third quarter. Marathon Asset Management Ltd now owns 194,721 shares of the credit-card processor’s stock valued at $53,537,000 after buying an additional 4,479 shares in the last quarter. Ballast Inc. boosted its holdings in shares of Visa by 5.8% in the third quarter. Ballast Inc. now owns 2,921 shares of the credit-card processor’s stock worth $803,000 after buying an additional 160 shares during the period. Finally, Heirloom Wealth Management increased its position in shares of Visa by 1.7% in the third quarter. Heirloom Wealth Management now owns 68,610 shares of the credit-card processor’s stock worth $18,864,000 after acquiring an additional 1,161 shares in the last quarter. Institutional investors and hedge funds 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.