Visa's (V) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Visa's stock rating is currently at a strong “Buy” according to Weiss Ratings, with several analysts setting price targets around $410 to $415.
• The company reported a quarterly earnings per share (EPS) of $2.98, exceeding analysts' expectations and showing a year-over-year revenue growth of 14.3%.
• Visa's market cap stands at $644.81 billion, with significant insider activity as executives sold shares recently, indicating a potential shift in ownership stakes.

Visa (NYSE:V - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective on the stock. Robert W. Baird set a $410.00 price objective on shares of Visa and gave the stock an "outperform" rating in a research report on Monday. UBS Group reaffirmed a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Erste Group Bank lowered Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Visa Price Performance

NYSE:V traded down $0.60 during mid-day trading on Wednesday, hitting $351.82. 2,662,101 shares of the stock traded hands, compared to its average volume of 6,466,576. The business's 50-day moving average price is $343.65 and its 200 day moving average price is $346.93. The company has a market cap of $644.81 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. Visa has a 12-month low of $274.42 and a 12-month high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $9.82 billion. During the same quarter in the previous year, the company earned $2.42 earnings per share. Visa's revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts expect that Visa will post 11.3 EPS for the current fiscal year.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently added to or reduced their stakes in the stock. Yeomans Consulting Group Inc. raised its stake 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 worth $360,000 after purchasing an additional 29 shares during the last quarter. Semus Wealth Partners LLC raised its position in Visa by 0.8% during 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 in the last quarter. BankPlus Wealth Management LLC raised its position in Visa by 0.9% during 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 in the last quarter. Transcendent Capital Group LLC raised its position in Visa by 2.9% during 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 in the last quarter. Finally, Insight Wealth Strategies LLC raised its position in Visa by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor's stock valued at $640,000 after acquiring an additional 29 shares in the last quarter. 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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