Visa (NYSE:V) Price Target Increased to $335.00 by Analysts at Evercore ISI

Visa (NYSE:V) had its price objective upped by Evercore ISI from $325.00 to $335.00 in a research report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the credit-card processor’s stock.

Several other equities analysts have also weighed in on V. Wedbush lifted their price target on Visa from $270.00 to $280.00 and gave the company an outperform rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price objective on Visa from $300.00 to $325.00 and gave the stock an overweight rating in a report on Wednesday, March 6th. Monness Crespi & Hardt assumed coverage on Visa in a report on Wednesday, December 20th. They issued a neutral rating on the stock. BMO Capital Markets assumed coverage on Visa in a report on Tuesday, December 5th. They issued an outperform rating and a $280.00 price objective on the stock. Finally, Citigroup lifted their price objective on Visa from $296.00 to $306.00 and gave the stock a buy rating in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $295.82.

Visa Stock Performance

NYSE V opened at $279.02 on Tuesday. The stock has a 50-day simple moving average of $278.86 and a two-hundred day simple moving average of $258.51. The firm has a market capitalization of $512.42 billion, a P/E ratio of 32.10, a PEG ratio of 1.94 and a beta of 0.96. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business 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 company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. On average, equities analysts forecast that Visa will post 9.9 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which can be accessed through 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 value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 over the last quarter. 0.19% of the stock is owned by company insiders.

Institutional Trading of Visa

Large investors have recently modified their holdings of the stock. BCK Partners Inc. acquired a new stake in shares of Visa during the 1st quarter worth about $2,717,000. Markel Corp raised its position in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new stake in shares of Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC acquired a new position in Visa during the first quarter worth approximately $538,000. Finally, XTX Topco Ltd acquired a new position in Visa during the first quarter worth approximately $1,496,000. Hedge funds and other 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.