Visa (NYSE:V) Stock Rating Reaffirmed by William Blair

Visa (NYSE:V)‘s stock had its “outperform” rating reiterated by William Blair in a report released on Wednesday, MarketBeat reports. William Blair also issued estimates for Visa’s Q3 2024 earnings at $2.39 EPS, Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

Several other analysts have also recently weighed in on V. Barclays boosted their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Mizuho reissued a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Finally, Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

NYSE V opened at $275.16 on Wednesday. The firm’s fifty day moving average price is $279.32 and its two-hundred day moving average price is $264.05. The stock has a market cap of $505.33 billion, a PE ratio of 30.74, a PEG ratio of 1.90 and a beta of 0.96. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Visa will post 9.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 in the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently added to or reduced their stakes in V. Norges Bank bought a new stake in Visa in the 4th quarter worth about $3,895,015,000. International Assets Investment Management LLC grew its position in shares of Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. FMR LLC grew its position in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Visa during the 3rd quarter valued at approximately $358,349,000. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Visa by 14,306.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after acquiring an additional 1,489,856 shares during the period. 82.15% of the stock is owned by 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.