Visa (NYSE:V) Price Target Increased to $299.00 by Analysts at Oppenheimer

Visa (NYSE:V) had its price objective lifted by Oppenheimer from $297.00 to $299.00 in a research report report published on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the credit-card processor’s stock.

A number of other equities analysts have also weighed in on V. Robert W. Baird lifted their price objective on shares of Visa from $314.00 to $320.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. Redburn Atlantic reissued a neutral rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Susquehanna raised their target price on Visa from $300.00 to $326.00 and gave the company a positive rating in a report on Friday, January 26th. Raymond James raised their target price on Visa from $287.00 to $311.00 and gave the company an outperform rating in a report on Friday, January 26th. Finally, Wedbush raised their target price on Visa from $270.00 to $280.00 and gave the company an outperform rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $302.58.

Visa Stock Performance

Shares of V opened at $275.04 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $505.11 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company’s 50 day simple moving average is $279.44 and its 200-day simple moving average is $263.97. Visa has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm posted $2.09 EPS. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts predict that Visa will post 9.88 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of V. Trifecta Capital Advisors LLC increased its stake in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares during the last quarter. Buttonwood Financial Advisors Inc. increased its position in Visa by 6.0% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock worth $3,816,000 after purchasing an additional 933 shares in the last quarter. Trust Co. of Oklahoma increased its position in Visa by 1.5% during the 3rd quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock worth $7,214,000 after purchasing an additional 453 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Visa by 1.6% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock worth $1,235,000 after purchasing an additional 86 shares in the last quarter. Finally, Naples Global Advisors LLC increased its position in Visa by 29.8% during the 3rd quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock worth $1,552,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors and hedge funds 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.