Visa Inc. (NYSE:V) Given Average Rating of “Moderate Buy” by Analysts

Visa Inc. (NYSE:VGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-five research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $303.76.

Several research firms have recently commented on V. Mizuho upped their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Wedbush upped their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Robert W. Baird upped their price target 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. Finally, Oppenheimer boosted their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th.

Get Our Latest Research Report on V

Visa Price Performance

Shares of NYSE:V opened at $276.17 on Thursday. Visa has a fifty-two week low of $226.02 and a fifty-two week high of $290.96. The business has a 50-day simple moving average of $274.07 and a two-hundred day simple moving average of $273.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $505.10 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. Visa’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Visa will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio is currently 23.24%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Visa by 3.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 15,926 shares of the credit-card processor’s stock worth $3,663,000 after purchasing an additional 486 shares during the period. Lavaca Capital LLC increased its stake in shares of Visa by 3.4% during the third quarter. Lavaca Capital LLC now owns 2,764 shares of the credit-card processor’s stock valued at $636,000 after buying an additional 92 shares during the period. MCIA Inc increased its stake in shares of Visa by 6.2% during the third quarter. MCIA Inc now owns 4,175 shares of the credit-card processor’s stock valued at $1,024,000 after buying an additional 242 shares during the period. Retirement Planning Co of New England Inc. increased its stake in shares of Visa by 17.2% during the third quarter. Retirement Planning Co of New England Inc. now owns 10,192 shares of the credit-card processor’s stock valued at $2,344,000 after buying an additional 1,497 shares during the period. Finally, 1623 Capital LLC increased its stake in shares of Visa by 0.4% during the third quarter. 1623 Capital LLC now owns 57,042 shares of the credit-card processor’s stock valued at $13,120,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

(Get Free Report

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.

Read More

Analyst Recommendations for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.