Mizuho Increases Visa (NYSE:V) Price Target to $275.00

Visa (NYSE:V) had its price target lifted by Mizuho from $265.00 to $275.00 in a research note released on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the credit-card processor’s stock.

V has been the topic of a number of other research reports. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the stock an overweight rating in a research note on Monday, January 8th. Citigroup upped their target price on shares of Visa from $314.00 to $321.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Robert W. Baird increased their price target on Visa from $314.00 to $320.00 and gave the stock an outperform rating in a research note on Wednesday, April 17th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the stock an outperform rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of Moderate Buy and a consensus target price of $303.00.

Visa Stock Performance

Visa stock opened at $268.49 on Thursday. The stock’s 50 day moving average is $278.17 and its 200 day moving average is $265.79. The company has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a PEG ratio of 1.84 and a beta of 0.95. Visa has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. On average, equities research analysts predict that Visa will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Visa during the fourth quarter worth $3,895,015,000. International Assets Investment Management LLC grew its position in Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. FMR LLC raised its stake in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after buying an additional 2,257,605 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Visa in the 3rd quarter valued at about $358,349,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Visa by 14,306.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after buying an additional 1,489,856 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

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.