Visa (NYSE:V) Stock Rating Upgraded by StockNews.com

Visa (NYSE:V - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

V has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Visa Price Performance

NYSE V traded up $3.35 on Monday, hitting $355.89. 7,983,595 shares of the company were exchanged, compared to its average volume of 7,172,396. The company has a current ratio of 1.12, a quick 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 $366.54. The company has a market cap of $661.16 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.33 and a beta of 0.96. The firm has a 50 day moving average of $337.05 and a two-hundred day moving average of $327.84.

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 for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $2.51 EPS. On average, equities analysts predict that Visa will post 11.3 EPS for the current year.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value 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. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $27,000. von Borstel & Associates Inc. bought a new position in Visa during the first quarter worth about $27,000. POM Investment Strategies LLC grew its holdings 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 purchasing an additional 32 shares during the period. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter worth about $32,000. Institutional investors 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.

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