Macquarie Issues Positive Forecast for Visa (NYSE:V) Stock Price

Key Points

• Macquarie raised its price target for Visa's stock from $380.00 to $425.00, indicating a potential upside of 22.94% based on Visa's previous close and maintaining an "outperform" rating on the stock.
• Visa's stock recently traded down 1.5% to $345.69, with an average target price of $380.84 and a current market capitalization of $637.86 billion.
• Despite recent insider sell-offs, Visa has received positive ratings from numerous analysts, with 23 buy ratings and only 5 hold ratings noted among various research reports.

Visa (NYSE:V - Free Report) had its target price lifted by Macquarie from $380.00 to $425.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the credit-card processor's stock.

Other equities analysts have also issued research reports about the stock. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Barclays reissued an "overweight" rating and set a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $380.84.

Visa Stock Performance

Shares of NYSE:V traded down $6.66 on Thursday, reaching $338.81. 8,655,366 shares of the company's stock were exchanged, compared to its average volume of 5,746,410. The company has a fifty day moving average of $355.06 and a 200-day moving average of $346.34. Visa has a twelve month low of $254.51 and a twelve month high of $375.51. The company has a market capitalization of $625.16 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 2.30 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the firm posted $2.42 EPS. The firm's quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts predict that Visa will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,913 shares of company stock valued at $32,902,432 over the last quarter. 0.13% of the stock is owned by company insiders.

Institutional Trading of Visa

A number of hedge funds have recently made changes to their positions in the stock. FWL Investment Management LLC increased its position in shares of Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after acquiring an additional 29 shares during the period. Yeomans Consulting Group Inc. increased its position in shares of Visa by 2.9% in the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after acquiring an additional 29 shares during the period. Semus Wealth Partners LLC increased its position in shares of Visa by 0.8% in the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares during the period. BankPlus Wealth Management LLC increased its position in shares of Visa by 0.9% in the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock valued at $1,185,000 after acquiring an additional 29 shares during the period. Finally, Transcendent Capital Group LLC increased its position in shares of Visa by 2.9% in the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor's stock valued at $360,000 after acquiring an additional 29 shares during the period. 82.15% of the stock is owned by 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.