Visa Inc. (NYSE:V) Receives $362.38 Average PT from Brokerages

Visa Inc. (NYSE:V - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-seven analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $362.38.

V has been the topic of a number of recent research reports. Raymond James reissued an "outperform" rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st.

Visa Stock Up 0.5 %

Shares of NYSE V traded up $1.68 during trading on Friday, reaching $352.95. 3,086,498 shares of the stock were exchanged, compared to its average volume of 7,169,131. The business's 50-day moving average price is $336.98 and its 200 day moving average price is $327.02. The company has a market capitalization of $655.70 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 EPS. As a group, equities analysts forecast that Visa will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,377,671.52. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently bought and sold shares of the stock. von Borstel & Associates Inc. acquired a new position in Visa in the first quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is owned by hedge funds and other 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.