William Blair Reaffirms Outperform Rating for Visa (NYSE:V)

William Blair reiterated their outperform rating on shares of Visa (NYSE:V) in a report published on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for Visa’s Q3 2024 earnings at $2.39 EPS, FY2024 earnings at $9.92 EPS, Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

Several other equities analysts have also commented on the stock. Mizuho reissued a neutral rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Wells Fargo & Company raised their target price on shares of Visa from $300.00 to $325.00 and gave the company an overweight rating in a report on Wednesday, March 6th. Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the company an outperform rating in a report on Wednesday. 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. Finally, KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the company an overweight rating in a report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $302.58.

Visa Trading Down 0.2 %

Shares of Visa stock opened at $274.52 on Wednesday. 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 12-month low of $216.14 and a 12-month high of $290.96. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The firm’s 50-day moving average price is $279.24 and its two-hundred day moving average price is $264.52.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.62 billion. During the same period last year, the firm earned $2.09 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Visa will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock worth $5,506,827. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several hedge funds have recently modified their holdings of V. Trifecta Capital Advisors LLC increased its stake in shares of Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares in the last quarter. Buttonwood Financial Advisors Inc. increased its stake in Visa by 6.0% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock valued at $3,816,000 after purchasing an additional 933 shares in the last quarter. Trust Co. of Oklahoma increased its stake in Visa by 1.5% during the 3rd quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock valued at $7,214,000 after purchasing an additional 453 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in Visa by 1.6% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock valued at $1,235,000 after purchasing an additional 86 shares in the last quarter. Finally, Naples Global Advisors LLC increased its stake in Visa by 29.8% during the 3rd quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock valued at $1,552,000 after purchasing an additional 1,550 shares in the last quarter. 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.