Visa (NYSE:V) Trading 0.1% Higher After Analyst Upgrade

Visa Inc. (NYSE:V) was up 0.1% on Friday after Mizuho raised their price target on the stock from $265.00 to $275.00. Mizuho currently has a neutral rating on the stock. Visa traded as high as $269.38 and last traded at $267.80. Approximately 1,175,372 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 5,870,658 shares. The stock had previously closed at $267.61.

Other analysts have also issued research reports about the company. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Barclays raised their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $303.00.

Insider Activity

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,724 shares of company stock valued at $3,278,698 in the last 90 days. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC grew its position in shares of Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares during the last quarter. RMR Wealth Builders boosted its position in shares of Visa by 19.6% in the third quarter. RMR Wealth Builders now owns 12,725 shares of the credit-card processor’s stock valued at $2,927,000 after acquiring an additional 2,085 shares during the period. Suncoast Equity Management increased its position in Visa by 1.1% during the third quarter. Suncoast Equity Management now owns 154,072 shares of the credit-card processor’s stock worth $35,438,000 after acquiring an additional 1,740 shares during the period. Atlas Private Wealth Management raised its stake in Visa by 3.6% in the 3rd quarter. Atlas Private Wealth Management now owns 10,534 shares of the credit-card processor’s stock worth $2,423,000 after purchasing an additional 369 shares in the last quarter. Finally, Sweet Financial Partners LLC boosted its holdings in Visa by 2.9% in the 3rd quarter. Sweet Financial Partners LLC now owns 11,837 shares of the credit-card processor’s stock valued at $2,723,000 after purchasing an additional 337 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.83 and a beta of 0.95. The business’s 50-day moving average price is $278.47 and its two-hundred day moving average price is $265.22.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the company posted $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts predict that Visa Inc. will post 9.93 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

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.