Visa (NYSE:V) Given “Outperform” Rating at William Blair

William Blair reiterated their outperform rating on shares of Visa (NYSE:V) in a report released on Wednesday morning, RTT News reports.

V has been the subject of a number of other reports. KeyCorp increased their target price on shares of Visa from $275.00 to $300.00 and gave the company an overweight rating in a research report on Monday, January 8th. Wedbush increased their target price on shares of Visa from $280.00 to $300.00 and gave the company an outperform rating in a research report on Wednesday. UBS Group increased their target price on shares of Visa from $305.00 to $315.00 and gave the company a buy rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods increased their target price on shares of Visa from $305.00 to $315.00 and gave the company an outperform rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an outperform rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $302.58.

Visa Trading Up 0.3 %

NYSE:V opened at $275.04 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $505.11 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a 50-day moving average price of $279.44 and a two-hundred day moving average price of $263.97.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business posted $2.09 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect 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 will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, 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 value of $729,271.20. Following the completion of 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 the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several hedge funds have recently added to or reduced their stakes in V. Norges Bank bought a new stake in Visa in the fourth quarter worth $3,895,015,000. 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 worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the last quarter. FMR LLC lifted its stake in Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Visa in the third quarter worth $358,349,000. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Visa by 14,306.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after acquiring an additional 1,489,856 shares during the period. 82.15% of the stock is 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.