Brokerages Set Visa Inc. (NYSE:V) Target Price at $314.19

Visa Inc. (NYSE:V) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $314.19.

A number of brokerages have issued reports on V. Piper Sandler cut their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

Visa Price Performance

NYSE V opened at $281.73 on Wednesday. The firm’s fifty day simple moving average is $279.02 and its two-hundred day simple moving average is $273.16. The firm has a market capitalization of $515.27 billion, a P/E ratio of 31.48, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa has a 12-month low of $228.03 and a 12-month high of $293.07.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Advocates Investment Management boosted its stake in shares of Visa by 0.9% in the third quarter. Financial Advocates Investment Management now owns 26,065 shares of the credit-card processor’s stock valued at $7,166,000 after purchasing an additional 241 shares during the period. Solidarity Wealth LLC boosted its position in Visa by 3.8% in the 3rd quarter. Solidarity Wealth LLC now owns 47,526 shares of the credit-card processor’s stock valued at $13,067,000 after buying an additional 1,720 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of Visa by 2.5% in the third quarter. Cornerstone Wealth Group LLC now owns 39,345 shares of the credit-card processor’s stock worth $10,818,000 after acquiring an additional 952 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of Visa by 14.9% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 39,586 shares of the credit-card processor’s stock worth $10,884,000 after acquiring an additional 5,138 shares during the period. Finally, Tandem Capital Management Corp ADV raised its stake in shares of Visa by 17.2% in the third quarter. Tandem Capital Management Corp ADV now owns 2,672 shares of the credit-card processor’s stock valued at $735,000 after acquiring an additional 392 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.