Visa (NYSE:V) Raised to Outperform at Mizuho

Visa (NYSE:V - Get Free Report) was upgraded by investment analysts at Mizuho from a "neutral" rating to an "outperform" rating in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a $425.00 price target on the credit-card processor's stock, up from their previous price target of $359.00. Mizuho's target price indicates a potential upside of 15.91% from the stock's previous close.

Several other equities analysts have also recently commented on V. Truist Financial initiated coverage on shares of Visa in a research note on Monday. They set a "buy" rating and a $400.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday. They set a "neutral" rating for the company. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. UBS Group raised their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa Stock Performance

Shares of NYSE:V traded down $1.33 on Thursday, reaching $366.67. 6,876,674 shares of the company's stock were exchanged, compared to its average volume of 7,011,512. The firm has a market capitalization of $676.56 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 2.33 and a beta of 0.96. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $372.43. The business's 50-day moving average is $344.66 and its two-hundred day moving average is $334.72. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the company earned $2.51 EPS. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Visa will post 11.3 EPS for the current year.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,546,299 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Visa

A number of hedge funds have recently modified their holdings of V. Keystone Global Partners LLC acquired a new position in Visa in the first quarter valued at about $26,000. von Borstel & Associates Inc. acquired a new stake in Visa during the 1st quarter worth approximately $27,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% during the 4th 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 period. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is currently 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.