Visa’s (V) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Visa (NYSE:V)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $466.00 price objective on the credit-card processor’s stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 15.53% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. The Goldman Sachs Group lifted their price target on Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. DZ Bank restated a “buy” rating on shares of Visa in a report on Monday, August 3rd. Clear Str upgraded Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, President Capital increased their target price on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $435.61.

Visa Stock Up 0.4%

NYSE:V traded up $1.50 on Wednesday, hitting $403.36. The stock had a trading volume of 1,835,770 shares, compared to its average volume of 7,475,114. Visa has a 52 week low of $293.89 and a 52 week high of $414.60. The business’s fifty day moving average is $378.75 and its 200 day moving average is $341.35.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, beating the consensus estimate of $3.43 by $0.05. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the firm earned $2.98 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Visa will post 13.22 EPS for the current fiscal year.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $358.81, for a total value of $2,108,008.75. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,444,582.94. This trade represents a 27.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the sale, the insider owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 78,792 shares of company stock valued at $28,863,319. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently made changes to their positions in V. XXEC Inc. grew its position in Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares in the last quarter. Jupiter Topco LLC bought a new stake in Visa during the second quarter worth about $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Visa by 13.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after purchasing an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Visa by 33.1% in the 1st quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor’s stock worth $1,356,090,000 after purchasing an additional 1,116,498 shares in the last quarter. Finally, Amundi increased its position in shares of Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after purchasing an additional 1,092,315 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa reported fiscal fourth-quarter adjusted earnings of $3.48 per share, ahead of the $3.43 consensus estimate, while revenue reached $12.14 billion versus expectations of $12.09 billion. Revenue increased 13.2% year over year, supported by higher payments volume and processed transactions. Visa Beats Fourth-Quarter Views as Payments Volume Increases
• Positive Sentiment: Visa also raised its quarterly dividend by 16%, providing an additional shareholder-return catalyst alongside the earnings beat and resilient consumer spending. Visa Reports Strong Financial Results and Raises Dividend by 16%
• Positive Sentiment: Oppenheimer raised its price target from $403 to $440 and maintained an “outperform” rating. Royal Bank of Canada likewise reaffirmed “outperform” and set a $466 target, signaling continued confidence in Visa’s earnings growth and payments outlook. Oppenheimer Visa Rating Royal Bank of Canada Visa Rating
• Neutral Sentiment: Although Visa beat earnings expectations, some coverage noted that payments-volume growth ticked slightly lower, a trend investors may monitor for evidence of moderating transaction momentum. Visa Q4 Earnings Beat
• Negative Sentiment: Visa faces a proposed £5 billion U.K. lawsuit alleging excessive card fees and competition-law violations. The claim, involving roughly one million businesses, creates a potential long-term legal and financial overhang, although its ultimate impact remains uncertain. Visa U.K. Card Fee Lawsuit

About Visa

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.