Visa (NYSE:V) Price Target Raised to $300.00

Visa (NYSE:V) had its target price lifted by Wedbush from $280.00 to $300.00 in a research note published on Wednesday morning, Benzinga reports. Wedbush currently has an outperform rating on the credit-card processor’s stock.

Several other research analysts have also commented on the company. Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the stock an outperform rating in a research report on Friday, January 26th. Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a positive rating in a research report on Friday, January 26th. William Blair reiterated an outperform rating on shares of Visa in a research report on Friday, January 26th. Finally, Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $302.58.

Visa Trading Down 0.2 %

Shares of Visa stock opened at $274.58 on Wednesday. The firm has a market cap of $504.27 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.90 and a beta of 0.96. The business has a 50-day moving average price of $279.24 and a 200-day moving average price of $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. Equities research analysts anticipate that Visa will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 quarter, insiders sold 19,874 shares of company stock valued at $5,506,827. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of large investors have recently bought and sold shares of the business. Alaethes Wealth LLC boosted its holdings in Visa by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares during the last quarter. Jessup Wealth Management Inc boosted its holdings in Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 37 shares during the last quarter. Long Run Wealth Advisors LLC boosted its holdings in Visa by 2.5% in the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after purchasing an additional 37 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its holdings in Visa by 1.8% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after purchasing an additional 38 shares during the last quarter. Finally, Aurora Private Wealth Inc. boosted its holdings in Visa by 3.8% in the first quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock valued at $289,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

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.