Visa Inc. (NYSE:V) Given Consensus Recommendation of “Moderate Buy” by Analysts

Visa Inc. (NYSE:V) has received a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $389.00.

V has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Robert W. Baird set a $410.00 target price on shares of Visa and gave the stock an “outperform” rating in a research report on Monday. Truist Financial dropped their target price on shares of Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial reissued an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th.

Visa Stock Performance

Shares of V stock opened at $351.96 on Wednesday. Visa has a 12 month low of $274.01 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $645.06 billion, a P/E ratio of 34.37, a P/E/G ratio of 2.07 and a beta of 0.90. The company’s fifty day moving average price is $343.65 and its two-hundred day moving average price is $346.93.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the business posted $2.42 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Visa will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio is currently 23.05%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in shares of Visa in the 1st quarter worth approximately $26,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa in the 2nd quarter worth approximately $28,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter worth approximately $27,000. Harbor Asset Planning Inc. acquired a new stake in shares of Visa in the 2nd quarter worth approximately $29,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Visa in the 2nd quarter worth approximately $31,000. 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.