Visa (NYSE:V) Earns Buy Rating from Analysts at Truist Financial

Equities researchers at Truist Financial began coverage on shares of Visa (NYSE:V - Get Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $400.00 price target on the credit-card processor's stock. Truist Financial's price objective suggests a potential upside of 8.68% from the company's current price.

Other research analysts have also recently issued research reports about the company. Macquarie dropped their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, UBS Group upped their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.48.

Visa Stock Performance

V stock traded up $2.18 during midday trading on Monday, hitting $368.04. The company's stock had a trading volume of 4,199,695 shares, compared to its average volume of 6,993,992. The stock's 50-day moving average price is $344.15 and its 200 day moving average price is $334.49. 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 has a 1 year low of $252.70 and a 1 year high of $369.57. The stock has a market cap of $679.09 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.33 and a beta of 0.96.

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

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,328 shares of company stock worth $38,419,222. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visa

A number of large investors have recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new stake in shares of Visa in the first quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter worth approximately $27,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth approximately $27,000. POM Investment Strategies LLC grew its position in shares of Visa by 48.5% in 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 last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Institutional investors own 82.15% of the company's stock.

About Visa

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.