Visa (NYSE:V) PT Lowered to $300.00 at Jefferies Financial Group

Visa (NYSE:V) had its price objective cut by research analysts at Jefferies Financial Group from $325.00 to $300.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.18% from the company’s previous close.

A number of other brokerages have also weighed in on V. Bank of America reiterated a “neutral” rating and set a $297.00 target price (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Morgan Stanley cut their target price on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler cut their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Visa from $302.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Finally, Wedbush raised their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $304.77.

Visa Price Performance

V opened at $253.84 on Wednesday. The firm has a market cap of $464.26 billion, a P/E ratio of 28.36, a PEG ratio of 1.77 and a beta of 0.95. The firm has a 50-day moving average of $270.45 and a 200 day moving average of $274.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.40 and a current ratio of 1.37. Visa has a fifty-two week low of $227.68 and a fifty-two week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. On average, research analysts expect that Visa will post 9.94 EPS for the current year.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Livelsberger Financial Advisory purchased a new position in shares of Visa in the fourth quarter worth $25,000. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter worth $25,000. POM Investment Strategies LLC increased its stake in shares of Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the period. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the fourth quarter worth $32,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Visa in the fourth quarter worth $33,000. 82.15% of the stock is 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.