Visa (NYSE:V) PT Raised to $325.00

Visa (NYSE:V) had its price target lifted by UBS Group from $315.00 to $325.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the credit-card processor’s stock.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on Visa from $305.00 to $315.00 and gave the company an outperform rating in a report on Friday, January 26th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the company an overweight rating in a report on Monday, January 8th. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the company an outperform rating in a report on Wednesday. Wedbush boosted their target price on Visa from $280.00 to $300.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Redburn Atlantic restated a neutral rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. 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, Visa presently has an average rating of Moderate Buy and an average target price of $302.58.

Visa Stock Up 0.3 %

Shares of Visa stock opened at $275.04 on Wednesday. The stock’s fifty day moving average is $279.44 and its 200-day moving average is $263.97. The firm has a market capitalization 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 has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results 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 return on equity of 51.72% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Visa will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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. In the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Visa by 4.7% in 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 in the last quarter. Capital International Investors raised its holdings in shares of Visa by 2.7% in the 4th quarter. Capital International Investors now owns 22,943,773 shares of the credit-card processor’s stock worth $5,973,432,000 after buying an additional 596,950 shares in the last quarter. Capital World Investors raised its holdings in shares of Visa by 8.0% in the 4th quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock worth $4,659,169,000 after buying an additional 1,323,238 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Visa by 4.7% in the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after buying an additional 763,505 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Visa in the 4th quarter worth approximately $3,895,015,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.