Visa Inc. (NYSE:V) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Visa Inc. (NYSE:V – Get Rating) have earned an average rating of “Moderate Buy” from the twenty-eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $260.96.

Several equities research analysts have commented on V shares. Oppenheimer boosted their target price on Visa from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Barclays increased their target price on shares of Visa from $270.00 to $272.00 in a report on Monday, May 1st. Truist Financial lifted their price target on shares of Visa from $260.00 to $270.00 in a research note on Wednesday, April 26th. JPMorgan Chase & Co. increased their price objective on shares of Visa from $243.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Finally, BMO Capital Markets increased their price target on Visa from $253.00 to $263.00 in a research report on Wednesday, April 26th.

Insider Buying and Selling at Visa

In related news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares in the company, valued at approximately $17,250,437.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, General Counsel Julie B. Rottenberg sold 13,394 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the completion of the transaction, the general counsel now directly owns 4,583 shares in the company, valued at $1,003,677. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vasant M. Prabhu sold 13,343 shares of Visa stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,250,437.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,671 shares of company stock worth $42,943,080. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Global Wealth Strategies & Associates bought a new position in shares of Visa during the 4th quarter worth about $26,000. Cowa LLC bought a new position in Visa in the third quarter worth approximately $29,000. JDM Financial Group LLC acquired a new stake in Visa in the fourth quarter valued at approximately $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $31,000. Finally, Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $32,000. 81.87% of the stock is owned by institutional investors.

Visa Trading Down 1.0 %

NYSE V opened at $230.47 on Wednesday. Visa has a 12 month low of $174.60 and a 12 month high of $235.57. The stock has a 50-day simple moving average of $226.63 and a 200 day simple moving average of $219.57. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $431.74 billion, a PE ratio of 30.81, a P/E/G ratio of 1.78 and a beta of 0.97.

Visa (NYSE:V – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.12. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.79 billion. Visa had a net margin of 50.95% and a return on equity of 50.21%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. Research analysts forecast that Visa will post 8.57 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 11th. Visa’s payout ratio is 24.06%.

About Visa

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).