UBS Group Increases Visa (NYSE:V) Price Target to $400.00

Visa (NYSE:V) had its target price boosted by UBS Group from $350.00 to $400.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the credit-card processor’s stock. UBS Group’s price target would indicate a potential upside of 16.94% from the company’s current price.

Several other equities analysts also recently commented on the stock. Susquehanna upped their price objective on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday. Piper Sandler upped their price target on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Mizuho increased their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group raised their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $352.27.

Visa Price Performance

V opened at $342.05 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s 50 day simple moving average is $317.74 and its 200 day simple moving average is $292.96. The firm has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96. Visa has a 1 year low of $252.70 and a 1 year high of $351.25.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. As a group, analysts predict that Visa will post 11.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in Visa during the third quarter valued at approximately $26,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth $32,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Visa in the 3rd quarter worth $31,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

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.