UBS Group Has Lowered Expectations for Visa (NYSE:V) Stock Price

Visa (NYSE:VGet Free Report) had its price target decreased by stock analysts at UBS Group from $425.00 to $390.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the credit-card processor’s stock. UBS Group’s price objective would suggest a potential upside of 29.09% from the company’s current price.

V has been the subject of a number of other research reports. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Truist Financial set a $372.00 price objective on Visa in a report on Tuesday, February 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Loop Capital started coverage on Visa in a research note on Tuesday. They set a “buy” rating and a $387.00 target price for the company. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 price target on shares of Visa in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $390.96.

View Our Latest Stock Report on Visa

Visa Stock Performance

NYSE V traded up $2.58 during mid-day trading on Tuesday, reaching $302.12. 9,975,618 shares of the stock were exchanged, compared to its average volume of 8,116,027. The company has a market capitalization of $548.40 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average is $317.09 and its 200-day moving average is $332.51. Visa has a 1 year low of $294.32 and a 1 year high of $375.51.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities research analysts forecast that Visa will post 11.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. The trade was a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Institutional Trading of Visa

Hedge funds have recently made changes to their positions in the company. Clayton Financial Group LLC lifted its stake in shares of Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. PayPay Securities Corp lifted its position in Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of Visa during the fourth quarter valued at about $26,000. Parvin Asset Management LLC increased its position in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Finally, Dorato Capital Management purchased a new stake in shares of Visa in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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About Visa

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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