Visa (NYSE:V) Stock Price Up 0.1% on Analyst Upgrade

Visa Inc. (NYSE:V)’s stock price was up 0.1% during trading on Thursday after Robert W. Baird raised their price target on the stock from $314.00 to $320.00. Robert W. Baird currently has an outperform rating on the stock. Visa traded as high as $273.15 and last traded at $272.97. Approximately 722,605 shares traded hands during trading, a decline of 87% from the average daily volume of 5,733,616 shares. The stock had previously closed at $272.69.

V has been the topic of several other research reports. Wedbush raised their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Barclays raised 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. Royal Bank of Canada raised their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Buying and Selling at Visa

In other Visa 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 value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’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 sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated 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. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

Hedge funds have recently added to or reduced their stakes in the business. Westend Capital Management LLC bought a new stake in Visa during the 1st quarter valued at approximately $25,000. Livelsberger Financial Advisory acquired a new position in Visa in the 4th quarter valued at approximately $25,000. Hibernia Wealth Partners LLC acquired a new position in Visa in the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter valued at approximately $25,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the 4th quarter valued at approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

The firm has a fifty day simple moving average of $279.71 and a 200 day simple moving average of $262.62. 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 stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly 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. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 EPS. As a group, sell-side analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced 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. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.