Visa (NYSE:V) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Visa (NYSE:V) had its price target boosted by analysts at The Goldman Sachs Group from $346.00 to $384.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 12.27% from the company’s current price.

A number of other equities research analysts also recently weighed in on V. Piper Sandler raised their price objective on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays raised their price target on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Price Performance

Shares of V stock opened at $342.05 on Friday. Visa has a 1-year low of $252.70 and a 1-year high of $351.25. The stock’s 50-day moving average is $317.74 and its 200 day moving average is $292.96. The company has a market cap of $637.19 billion, a P/E ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Research analysts predict that Visa will post 11.18 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

A number of institutional investors have recently made changes to their positions in V. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth $26,000. Reston Wealth Management LLC acquired a new position in Visa during the third quarter worth $31,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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.