Jefferies Financial Group Issues Positive Forecast for Visa (NYSE:V) Stock Price

Visa (NYSE:V) had its price target lifted by Jefferies Financial Group from $400.00 to $410.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the credit-card processor’s stock.

Several other research firms have also weighed in on V. Piper Sandler increased their target price on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. The Goldman Sachs Group increased their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $365.71.

Visa Price Performance

Shares of V stock opened at $359.21 on Tuesday. Visa has a 1 year low of $252.70 and a 1 year high of $369.15. The firm’s 50 day moving average is $342.15 and its 200-day moving average is $332.61. The firm has a market capitalization of $662.80 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business earned $2.51 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Visa will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visa

Several hedge funds and other institutional investors have recently made changes to their positions in V. Keystone Global Partners LLC bought a new stake in shares of Visa during the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter worth approximately $27,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

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.