Barclays Boosts Visa (NYSE:V) Price Target to $396.00

Visa (NYSE:V) had its price target increased by investment analysts at Barclays from $361.00 to $396.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. Barclays‘s price objective indicates a potential upside of 14.68% from the stock’s current price.

A number of other equities analysts have also recently weighed in on V. Oppenheimer upped their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Price Performance

Shares of V opened at $345.31 on Monday. The firm has a fifty day moving average price of $318.40 and a 200 day moving average price of $293.81. The stock has a market cap of $643.27 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa has a 1-year low of $252.70 and a 1-year high of $351.25.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts anticipate that Visa will post 11.2 EPS for the current year.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was 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. Over the last ninety days, insiders sold 21,983 shares of company stock worth $7,213,146. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Visa

Several institutional investors have recently added to or reduced their stakes in V. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new position in shares of Visa during the third quarter valued at approximately $26,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Visa during the 4th quarter valued at $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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.