Robert W. Baird Increases Visa (NYSE:V) Price Target to $320.00

Visa (NYSE:V) had its price objective hoisted by equities research analysts at Robert W. Baird from $314.00 to $320.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. Robert W. Baird’s price target suggests a potential upside of 17.50% from the stock’s current price.

V has been the topic of several other research reports. Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. TD Cowen initiated coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Citigroup increased their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Trading Up 0.4 %

Shares of NYSE V traded up $0.99 during trading on Wednesday, reaching $272.34. The company had a trading volume of 2,047,916 shares, compared to its average volume of 5,747,432. The company’s fifty day moving average price is $279.93 and its 200-day moving average price is $262.49. Visa has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market cap of $500.16 billion, a P/E ratio of 31.34, a PEG ratio of 1.87 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts expect that Visa will post 9.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock valued at $15,131,081 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visa

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trifecta Capital Advisors LLC raised its position in Visa by 1.8% during the 1st quarter. Trifecta Capital Advisors LLC now owns 21,122 shares of the credit-card processor’s stock valued at $5,895,000 after purchasing an additional 376 shares during the last quarter. Occidental Asset Management LLC grew its stake in shares of Visa by 7.9% in the 1st quarter. Occidental Asset Management LLC now owns 13,413 shares of the credit-card processor’s stock worth $3,743,000 after buying an additional 980 shares during the last quarter. Independence Bank of Kentucky grew its stake in shares of Visa by 9.0% in the 1st quarter. Independence Bank of Kentucky now owns 21,757 shares of the credit-card processor’s stock worth $6,072,000 after buying an additional 1,803 shares during the last quarter. OneAscent Financial Services LLC grew its stake in shares of Visa by 1.3% in the 1st quarter. OneAscent Financial Services LLC now owns 6,435 shares of the credit-card processor’s stock worth $1,796,000 after buying an additional 85 shares during the last quarter. Finally, Webster Bank N. A. grew its stake in shares of Visa by 1.7% in the 1st quarter. Webster Bank N. A. now owns 43,445 shares of the credit-card processor’s stock worth $12,125,000 after buying an additional 709 shares during the last quarter. 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.