Visa Inc. (NYSE:V) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Visa Inc. (NYSE:V - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-five research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $303.76.

A number of brokerages have issued reports on V. Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Piper Sandler began coverage on shares of Visa in a research report on Monday, May 13th. They issued an "overweight" rating and a $322.00 price target on the stock. Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 17th. Oppenheimer raised their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 24th.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Paul D. Fabara sold 25,293 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Visa by 0.6% in the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit-card processor's stock valued at $39,685,966,000 after acquiring an additional 788,908 shares in the last quarter. FMR LLC boosted its holdings in Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares in the last quarter. Capital International Investors boosted its holdings in shares of Visa by 2.7% during the 1st quarter. Capital International Investors now owns 23,570,391 shares of the credit-card processor's stock valued at $6,578,025,000 after buying an additional 626,618 shares in the last quarter. Capital World Investors boosted its holdings in shares of Visa by 5.4% during the 1st quarter. Capital World Investors now owns 18,863,796 shares of the credit-card processor's stock valued at $5,264,508,000 after buying an additional 968,008 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Visa by 4.7% during the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor's stock valued at $3,927,122,000 after buying an additional 763,505 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.1 %

Shares of V stock traded up $0.26 during trading hours on Friday, hitting $274.49. 4,339,967 shares of the company were exchanged, compared to its average volume of 7,948,953. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa has a one year low of $216.14 and a one year high of $290.96. The business's 50-day simple moving average is $276.70 and its two-hundred day simple moving average is $270.06. The stock has a market capitalization of $502.03 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.88 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analysts' expectations of $8.62 billion. During the same quarter last year, the company posted $2.09 earnings per share. Visa's revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Visa will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa's dividend payout ratio is presently 23.24%.

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.