Visa (NYSE:V) Upgraded to Strong-Buy at Rothschild Redb

Rothschild Redb upgraded shares of Visa (NYSE:V) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. HSBC raised shares of Visa from a “hold” rating to a “buy” rating and lifted their price objective for the company from $335.00 to $389.00 in a research report on Sunday, December 7th. Morgan Stanley set a $398.00 price target on Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Rothschild & Co Redburn raised shares of Visa from a “neutral” rating to a “buy” rating and set a $385.00 price objective on the stock in a report on Wednesday. Finally, Truist Financial set a $374.00 price objective on Visa in a report on Tuesday, January 20th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $391.58.

Visa Stock Up 0.5%

NYSE V opened at $326.96 on Wednesday. The stock’s 50 day simple moving average is $338.70 and its 200 day simple moving average is $341.86. The firm has a market cap of $595.63 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.81. Visa has a one year low of $299.00 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $2.71 earnings per share. Visa’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa will post 11.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,042 shares of company stock worth $8,247,289 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clayton Financial Group LLC raised its stake in Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after acquiring an additional 58 shares in the last quarter. PayPay Securities Corp boosted its position in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the period. Parvin Asset Management LLC boosted its holdings in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Visa during the 2nd quarter worth approximately $29,000. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $31,000. Institutional investors own 82.15% of the company’s stock.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.