StockNews.com Downgrades Visa (NYSE:V) to Hold

Visa (NYSE:V) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other brokerages have also issued reports on V. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. UBS Group raised their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Barclays lifted their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Trading Down 1.4 %

V opened at $307.92 on Monday. Visa has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a market capitalization of $572.04 billion, a PE ratio of 31.04, a PEG ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $343.47 and a two-hundred day moving average price of $317.55.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts anticipate that Visa will post 11.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in Visa during the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter worth $32,000. Institutional investors own 82.15% of the company’s stock.

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.