Visa (NYSE:V) Given New $410.00 Price Target at Susquehanna

Visa (NYSE:V) had its price target boosted by analysts at Susquehanna from $395.00 to $410.00 in a report released on Friday,Benzinga reports. The firm currently has a “positive” rating on the credit-card processor’s stock. Susquehanna’s price objective points to a potential upside of 16.52% from the stock’s current price.

V has been the subject of a number of other research reports. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Citigroup increased their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.31.

Visa Stock Performance

NYSE:V traded up $1.37 during mid-day trading on Friday, hitting $351.86. 945,039 shares of the company’s stock traded hands, compared to its average volume of 5,572,417. The firm has a 50 day moving average of $328.47 and a two-hundred day moving average of $301.39. Visa has a 12 month low of $252.70 and a 12 month high of $357.15. The firm has a market capitalization of $653.67 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts forecast that Visa will post 11.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last three months. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

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

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.