Visa (NYSE:V) Given Neutral Rating at Mizuho

Mizuho reiterated their neutral rating on shares of Visa (NYSE:V) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $265.00 price target on the credit-card processor’s stock.

Several other equities research analysts have also commented on the company. Redburn Atlantic restated a neutral rating and set a $307.00 target price on shares of Visa in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the stock an outperform rating in a report on Friday, January 26th. Jefferies Financial Group increased their price target on Visa from $280.00 to $295.00 and gave the stock a buy rating in a report on Tuesday, December 12th. Evercore ISI increased their price target on Visa from $325.00 to $335.00 and gave the stock an outperform rating in a report on Tuesday. Finally, Barclays increased their price target on Visa from $304.00 to $319.00 and gave the stock an overweight rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $295.82.

Visa Stock Down 0.6 %

Shares of Visa stock opened at $279.02 on Wednesday. Visa has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s 50-day moving average is $278.86 and its 200 day moving average is $258.51. The firm has a market cap of $512.42 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Visa will post 9.9 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was 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 $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was 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 $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

Several hedge funds have recently made changes to their positions in V. Hibernia Wealth Partners LLC purchased a new position in shares of Visa in the third quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Visa during the third quarter valued at $25,000. Livelsberger Financial Advisory bought a new stake in Visa during the fourth quarter valued at $25,000. West Tower Group LLC bought a new stake in Visa during the second quarter valued at $30,000. Finally, O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter valued at $32,000. 82.15% of the stock is currently 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.