Visa (NYSE:V – Get Free Report)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report issued on Wednesday, Benzinga reports. They presently have a $466.00 price target on the credit-card processor’s stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 15.55% from the stock’s current price.
V has been the topic of a number of other research reports. KeyCorp lifted their price objective on shares of Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Susquehanna set a $480.00 price target on shares of Visa and gave the stock a “positive” rating in a research note on Monday. Weiss Ratings upgraded shares of Visa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, October 13th. Wells Fargo & Company restated an “overweight” rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Finally, Clear Str raised Visa to a “strong-buy” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Buy” and an average target price of $436.67.
Check Out Our Latest Stock Analysis on Visa
Visa Trading Up 0.4%
Shares of V traded up $1.41 during mid-day trading on Wednesday, reaching $403.27. 2,457,471 shares of the stock traded hands, compared to its average volume of 7,479,433. The stock has a fifty day simple moving average of $378.75 and a 200 day simple moving average of $341.35. Visa has a 12-month low of $293.89 and a 12-month high of $414.60.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.05. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.98 EPS. Analysts expect that Visa will post 13.22 EPS for the current fiscal year.
Insiders Place Their Bets
In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of Visa stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 78,792 shares of company stock valued at $28,863,319 over the last 90 days. 0.12% of the stock is owned by company insiders.
Hedge Funds Weigh In On Visa
A number of hedge funds have recently added to or reduced their stakes in the business. XXEC Inc. grew its position in shares of Visa by 153,118.8% during 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 during the last quarter. State Street Corp grew its position in shares of Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after acquiring an additional 566,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Visa by 13.0% during the second 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 acquiring an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after acquiring an additional 316,559 shares during the last quarter. Finally, Amundi grew its position in shares of Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa News Roundup
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Quarterly earnings beat expectations. Visa reported adjusted EPS of $3.48, above the roughly $3.43 consensus, while revenue rose 13.2% year over year to $12.14 billion, topping estimates near $12.09 billion. Profit growth was supported by higher payment volumes, cross-border activity and processed transactions. Visa Q4 Earnings Beat Estimates on Strong Payment Volumes
- Positive Sentiment: Visa raised its dividend by approximately 16%. Although the resulting yield remains low, the increase signals management’s confidence in recurring cash flow and adds to the long-term shareholder-return case. Visa Reports Strong Financial Results and Raises Dividend by 16%
- Positive Sentiment: Analysts lifted or reaffirmed bullish targets. Oppenheimer raised its target to $440 and maintained an “outperform” rating, while RBC reaffirmed its “outperform” rating with a $466 target. These actions suggest analysts see further upside despite Visa’s premium valuation.
- Neutral Sentiment: AI-payment initiatives provide longer-term potential. Visa is piloting trusted AI agents that can complete approved invoice payments, potentially expanding its role in automated business transactions, though the financial impact is not yet material.
- Negative Sentiment: Investors face valuation and legal risks. Visa trades at a premium earnings multiple, and higher expenses could limit margin expansion. Separately, the company faces a potential £5 billion UK lawsuit alleging excessive card fees and competition-law violations, creating an uncertain future liability.
- Negative Sentiment: Payment-volume growth moderated slightly. While volumes remained strong, the modest slowdown may concern investors expecting Visa to sustain its recent high growth rate.
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.
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