Visa Inc. (NYSE:V) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Visa Inc. (NYSE:V) have been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $293.30.

V has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Citigroup boosted their price objective on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Raymond James upped their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s 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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Visa

Large investors have recently bought and sold shares of the business. Hibernia Wealth Partners LLC bought a new stake in Visa during the third quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in Visa during the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter valued at about $32,000. West Tower Group LLC bought a new stake in Visa during the second quarter valued at about $30,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Visa during the fourth quarter valued at about $33,000. 81.35% of the stock is currently owned by institutional investors.

Visa Stock Up 0.8 %

Shares of Visa stock opened at $285.20 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $523.77 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.98 and a beta of 0.96. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $289.04. The business has a 50-day moving average price of $276.32 and a 200 day moving average price of $256.89.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 earnings per share. On average, sell-side analysts forecast that Visa will post 9.9 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

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.