Visa (NYSE:V) Price Target Raised to $395.00 at Wells Fargo & Company

Visa (NYSE:V - Get Free Report) had its price target hoisted by Wells Fargo & Company from $360.00 to $395.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the credit-card processor's stock. Wells Fargo & Company's price objective would suggest a potential upside of 13.78% from the company's previous close.

V has been the topic of several other reports. Macquarie lifted their target price on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Visa from $322.00 to $368.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. TD Cowen boosted their price target on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $339.00.

Visa Price Performance

Shares of NYSE V traded up $4.10 during mid-day trading on Friday, reaching $347.15. 2,080,235 shares of the company were exchanged, compared to its average volume of 5,545,588. Visa has a 52 week low of $252.70 and a 52 week high of $351.25. The company's 50 day moving average price is $317.09 and its 200 day moving average price is $292.45. The stock has a market capitalization of $646.69 billion, a PE ratio of 35.65, a PEG ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Sell-side analysts forecast that Visa will post 11.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Czech National Bank boosted its position in shares of Visa by 13.4% during the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor's stock valued at $93,548,000 after acquiring an additional 40,268 shares during the last quarter. Unique Wealth LLC grew its stake in shares of Visa by 16.7% in the 3rd quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor's stock worth $2,246,000 after buying an additional 1,171 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Visa by 4,412.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock worth $1,119,725,000 after buying an additional 4,166,905 shares during the last quarter. Farmers Trust Co. raised its position in shares of Visa by 0.6% during the 3rd quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor's stock valued at $7,086,000 after buying an additional 154 shares in the last quarter. Finally, Delta Financial Group Inc. raised its position in shares of Visa by 1.3% during the 3rd quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor's stock valued at $2,110,000 after buying an additional 99 shares in the last quarter. 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.

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