Visa (NYSE:V) Receives “Buy” Rating from The Goldman Sachs Group

Visa (NYSE:V)‘s stock had its “buy” rating reissued by equities researchers at The Goldman Sachs Group in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $317.00 price target on the credit-card processor’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 10.31% from the company’s current price.

V has been the subject of a number of other reports. Compass Point initiated coverage on Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Macquarie restated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research report on Wednesday, July 24th. William Blair upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen reduced their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.81.

Visa Price Performance

V stock opened at $287.36 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company’s fifty day moving average price is $268.29 and its 200-day moving average price is $273.31. Visa has a one year low of $227.78 and a one year high of $290.96. The company has a market capitalization of $523.66 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The transaction 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Brio Consultants LLC increased its holdings in Visa by 39.1% during the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after buying an additional 437 shares during the period. Gilbert & Cook Inc. raised its position in shares of Visa by 2.9% in the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock worth $1,466,000 after acquiring an additional 158 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in shares of Visa by 9.2% during the 4th quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock worth $730,000 after purchasing an additional 235 shares during the last quarter. 9258 Wealth Management LLC boosted its position in Visa by 20.8% during the fourth quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock valued at $2,094,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its stake in Visa by 53.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 13,640 shares of the credit-card processor’s stock valued at $3,282,000 after purchasing an additional 4,774 shares during the last quarter. 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.