Visa (NYSE:V) Rating Reiterated by Morgan Stanley

Visa (NYSE:V)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a report released on Wednesday, Benzinga reports. They presently have a $322.00 target price on the credit-card processor’s stock. Morgan Stanley’s target price would suggest a potential upside of 19.10% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Bank of America lifted their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Piper Sandler cut their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Compass Point assumed coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. TD Cowen cut 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. Finally, William Blair raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $310.22.

Visa Stock Down 0.9 %

NYSE:V traded down $2.43 during mid-day trading on Wednesday, reaching $270.35. The stock had a trading volume of 3,214,147 shares, compared to its average volume of 7,213,152. The company has a market capitalization of $492.66 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. Visa has a 1-year low of $227.78 and a 1-year high of $293.07. The stock’s 50 day simple moving average is $271.12 and its two-hundred day simple moving average is $273.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last posted its quarterly 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 business had revenue of $8.90 billion during 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%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $2.16 earnings per share. Equities analysts anticipate that Visa will post 9.92 EPS for the current year.

Insider Buying and Selling

In other Visa 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 value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in V. Livelsberger Financial Advisory purchased a new position in Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC purchased a new position in Visa during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC grew its position in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Visa during the 4th quarter worth approximately $33,000. Finally, TruNorth Capital Management LLC grew its position in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 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.