Macquarie Boosts Visa (NYSE:V) Price Target to $300.00

Visa (NYSE:V) had its target price lifted by Macquarie from $290.00 to $300.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the credit-card processor’s stock.

V has been the subject of a number of other reports. Citigroup increased their target price on Visa from $314.00 to $321.00 and gave the company a buy rating in a research report on Wednesday. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a positive rating in a research report on Friday, January 26th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the stock an overweight rating in a research report on Monday, January 8th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Finally, William Blair reaffirmed an outperform rating on shares of Visa in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $302.58.

Visa Stock Performance

Shares of NYSE V opened at $275.04 on Wednesday. The firm’s fifty day moving average is $279.44 and its two-hundred day moving average is $263.97. Visa has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a market cap of $505.11 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.72% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Visa will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

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 paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westend Capital Management LLC purchased a new stake in Visa during the 1st quarter worth approximately $25,000. Livelsberger Financial Advisory purchased a new stake in shares of Visa during the fourth quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth $32,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth $33,000. Hedge funds and other institutional investors 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.