Analysts Set Visa Inc. (NYSE:V) PT at $414.54

Visa Inc. (NYSE:V) has earned an average rating of “Buy” from the thirty-one ratings firms that are covering the stock, MarketBeat.com reports. Twenty-four investment analysts have rated the stock with a buy recommendation and seven have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $416.6154.

A number of equities analysts have recently issued reports on the stock. Clear Str upgraded shares of Visa to a “strong-buy” rating in a research note on Thursday, July 16th. Piper Sandler reissued an “overweight” rating and issued a $430.00 target price (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and issued a $416.00 target price on shares of Visa in a research note on Wednesday, July 29th. TD Cowen restated a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 21st.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,582,059.38. This represents a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 96,634 shares of company stock worth $34,537,016 over the last 90 days. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in V. Cresta Advisors Ltd. acquired a new stake in Visa in the fourth quarter worth $26,000. Parvin Asset Management LLC grew its holdings in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the period. Philadelphia Investment Partners LLC bought a new stake in shares of Visa in the 2nd quarter valued at $29,000. Virtus Advisers LLC acquired a new stake in Visa during the 2nd quarter worth $33,000. Finally, RHL Group LLC acquired a new stake in Visa during the 4th quarter worth $34,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.6%

Shares of V stock opened at $379.17 on Friday. The firm has a market capitalization of $676.60 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. Visa has a 1 year low of $293.89 and a 1 year high of $385.57. The firm’s fifty day simple moving average is $360.10 and its 200 day simple moving average is $331.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.98 EPS. As a group, sell-side analysts predict that Visa will post 13.16 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s payout ratio is 22.79%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.