Visa (V) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Visa (NYSE: V):

• 7/30/2024 – Visa was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/24/2024 – Visa had its price target lowered by analysts at JPMorgan Chase & Co. from $300.00 to $290.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at Piper Sandler from $322.00 to $319.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at Morgan Stanley from $326.00 to $322.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Visa had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $300.00 price target on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at Royal Bank of Canada from $315.00 to $311.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at Citigroup Inc. from $321.00 to $319.00. They now have a “buy” rating on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at TD Cowen from $320.00 to $318.00. They now have a “buy” rating on the stock.
• 7/24/2024 – Visa had its price target lowered by analysts at Jefferies Financial Group Inc. from $325.00 to $300.00. They now have a “buy” rating on the stock.
• 7/23/2024 – Visa was upgraded by analysts at William Blair to a “strong-buy” rating.
• 7/18/2024 – Visa had its price target lowered by analysts at JPMorgan Chase & Co. from $302.00 to $300.00. They now have an “overweight” rating on the stock.
• 7/10/2024 – Visa had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $297.00 price target on the stock, down previously from $305.00.
• 6/25/2024 – Visa had its price target lowered by analysts at Evercore ISI from $335.00 to $330.00. They now have an “outperform” rating on the stock.

Visa Price Performance

NYSE V traded up $3.31 during trading hours on Thursday, hitting $259.83. The company had a trading volume of 8,208,155 shares, compared to its average volume of 7,071,858. The firm has a 50 day simple moving average of $268.04 and a 200 day simple moving average of $274.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $473.49 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.82 and a beta of 0.95. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is 23.24%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Visa

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $3,895,015,000. National Bank of Canada FI grew its holdings in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after acquiring an additional 4,099,122 shares in the last quarter. Swedbank AB purchased a new position in Visa during the 1st quarter valued at about $511,321,000. GQG Partners LLC raised its holdings in shares of Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position 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 worth $390,595,000 after purchasing an additional 1,489,856 shares during the period. Institutional investors own 82.15% of the company’s stock.

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.