Visa Inc. (NYSE:V) – Research analysts at Piper Sandler upped their Q4 2021 EPS estimates for shares of Visa in a report issued on Sunday, June 6th. Piper Sandler analyst C. Donat now forecasts that the credit-card processor will post earnings of $1.43 per share for the quarter, up from their previous estimate of $1.41. Piper Sandler has a “Overweight” rating and a $260.00 price target on the stock. Piper Sandler also issued estimates for Visa’s Q1 2022 earnings at $1.62 EPS, Q2 2022 earnings at $1.60 EPS and Q4 2022 earnings at $1.76 EPS.
Visa (NYSE:V) last released its earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.12. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.54 billion. Visa had a return on equity of 33.86% and a net margin of 49.93%. Visa’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share.
Visa stock opened at $233.95 on Wednesday. The stock has a market capitalization of $455.73 billion, a P/E ratio of 48.34, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. The firm has a 50 day moving average price of $227.07. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.61. Visa has a 12 month low of $179.23 and a 12 month high of $237.50.
Several hedge funds and other institutional investors have recently modified their holdings of V. KB Financial Partners LLC acquired a new stake in Visa in the 1st quarter valued at $444,000. Sierra Capital LLC acquired a new stake in shares of Visa in the first quarter worth approximately $330,000. F M Investments LLC purchased a new stake in shares of Visa during the first quarter worth approximately $284,000. Fi3 FINANCIAL ADVISORS LLC purchased a new position in Visa in the 1st quarter valued at $536,000. Finally, Warren Averett Asset Management LLC grew its holdings in shares of Visa by 18.0% during the first quarter. Warren Averett Asset Management LLC now owns 3,513 shares of the credit-card processor’s stock worth $795,000 after buying an additional 535 shares in the last quarter. 81.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, President Ryan Mcinerney sold 11,194 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $213.87, for a total value of $2,394,060.78. Following the transaction, the president now directly owns 11,194 shares of the company’s stock, valued at approximately $2,394,060.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total value of $1,912,950.00. Following the completion of the transaction, the chief executive officer now owns 163,112 shares of the company’s stock, valued at $34,669,455.60. The disclosure for this sale can be found here. Insiders have sold a total of 118,611 shares of company stock worth $26,847,669 over the last 90 days. 0.19% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, May 13th. Visa’s dividend payout ratio is presently 25.40%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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