Visa (NYSE:V) Price Target Raised to $320.00

Visa (NYSE:V) had its target price boosted by Robert W. Baird from $314.00 to $320.00 in a research note issued to investors on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the credit-card processor’s stock.

A number of other equities analysts have also recently issued reports on V. Citigroup lifted their target price on Visa from $296.00 to $306.00 and gave the stock a buy rating in a report on Thursday, January 18th. Royal Bank of Canada raised their target price on shares of Visa from $290.00 to $309.00 and gave the stock an outperform rating in a report on Friday, January 26th. Susquehanna boosted their price target on shares of Visa from $300.00 to $326.00 and gave the company a positive rating in a report on Friday, January 26th. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an outperform rating in a research note on Friday, January 26th. Finally, Barclays boosted their target price on shares of Visa from $304.00 to $319.00 and gave the company an overweight rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $298.43.

Visa Stock Performance

V stock opened at $269.71 on Wednesday. The company has a 50-day simple moving average of $279.58 and a 200 day simple moving average of $262.89. The company has a market capitalization of $495.33 billion, a P/E ratio of 31.04, a PEG ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that Visa will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 23.94%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were 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 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 18,965 shares of company stock worth $5,256,352 in the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

A number of large investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its holdings in Visa by 0.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 124,753 shares of the credit-card processor’s stock valued at $33,905,000 after purchasing an additional 662 shares during the last quarter. Cohen Investment Advisors LLC increased its holdings in shares of Visa by 3.6% during the first quarter. Cohen Investment Advisors LLC now owns 12,410 shares of the credit-card processor’s stock worth $3,463,000 after buying an additional 429 shares in the last quarter. Kesler Norman & Wride LLC raised its stake in shares of Visa by 535.5% in the first quarter. Kesler Norman & Wride LLC now owns 11,146 shares of the credit-card processor’s stock valued at $3,111,000 after acquiring an additional 9,392 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in shares of Visa by 7.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 28,920 shares of the credit-card processor’s stock worth $8,071,000 after acquiring an additional 1,917 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its holdings in shares of Visa by 12.8% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 7,442 shares of the credit-card processor’s stock worth $2,077,000 after acquiring an additional 842 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

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.