Visa Inc. (NYSE:V - Free Report) - Analysts at Seaport Res Ptn raised their Q4 2024 earnings estimates for Visa in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will earn $2.64 per share for the quarter, up from their prior estimate of $2.63. The consensus estimate for Visa's current full-year earnings is $9.89 per share.
Several other research analysts have also weighed in on the stock. Mizuho restated a "neutral" rating and set a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Redburn Atlantic restated a "neutral" rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Citigroup increased their price target on shares of Visa from $296.00 to $306.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. Evercore ISI increased their price target on shares of Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Finally, Raymond James increased their price target on shares of Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $298.43.
Check Out Our Latest Stock Analysis on V
Visa Price Performance
V traded up $1.34 on Wednesday, hitting $272.69. 5,826,154 shares of the company were exchanged, compared to its average volume of 5,802,121. 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 business's fifty day moving average is $279.80 and its 200 day moving average is $262.56. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $500.80 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year.
Visa Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. 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 payout ratio is 23.94%.
Insider Activity at Visa
In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm's 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company's stock, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last three months, insiders sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Visa by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 141,413,922 shares of the credit-card processor's stock worth $36,817,115,000 after buying an additional 361,254 shares during the last quarter. State Street Corp lifted its position in shares of Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor's stock worth $16,435,339,000 after buying an additional 2,572,159 shares during the last quarter. Morgan Stanley lifted its position in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor's stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. FMR LLC lifted its position in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Visa by 116,608.6% in the 4th 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 purchasing an additional 24,483,134 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
(
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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.
Further Reading
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