FY2024 Earnings Estimate for Visa Inc. (NYSE:V) Issued By Seaport Res Ptn

Visa Inc. (NYSE:V) – Stock analysts at Seaport Res Ptn upped their FY2024 EPS estimates for shares of Visa in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will earn $9.95 per share for the year, up from their previous forecast of $9.94. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 EPS.

Other analysts have also recently issued reports about the company. Wedbush upped 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. Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Royal Bank of Canada increased their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. UBS Group increased their target price on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Mizuho reissued a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Stock Performance

Shares of NYSE:V opened at $272.69 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $500.80 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. The business has a 50-day moving average price of $279.80 and a two-hundred day moving average price of $262.56. Visa has a 1-year low of $216.14 and a 1-year high of $290.96.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insiders Place Their Bets

In related news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock worth $15,131,081 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its stake in Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after buying an additional 24,483,134 shares during the period. Norges Bank acquired a new position in Visa in the fourth quarter valued at approximately $3,895,015,000. Morgan Stanley lifted its stake in Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after buying an additional 5,864,340 shares during the period. International Assets Investment Management LLC lifted its stake in Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after buying an additional 4,710,188 shares during the period. Finally, Legal & General Group Plc lifted its stake in Visa by 29.7% in the fourth quarter. Legal & General Group Plc now owns 14,015,639 shares of the credit-card processor’s stock valued at $3,648,985,000 after buying an additional 3,209,334 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

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.