Analysts Set Visa Inc. (NYSE:V) PT at $367.48

Shares of Visa Inc. (NYSE:V - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-eight brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $372.80.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Truist Financial assumed coverage on shares of Visa in a research note on Monday. They set a "buy" rating and a $400.00 target price on the stock. UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $359.00 to $425.00 in a research note on Thursday. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. This trade represents a 94.14% 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 $41,546,299. Company insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Visa

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Riverstone Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $217,000. Blue Rock Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $306,000. Aptus Capital Advisors LLC boosted its position in shares of Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after acquiring an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC boosted its position in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group boosted its position in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after acquiring an additional 6,172 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 0.4%

NYSE:V traded down $1.33 on Thursday, hitting $366.67. The stock had a trading volume of 6,876,674 shares, compared to its average volume of 7,011,512. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $676.56 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 2.33 and a beta of 0.96. The company has a fifty day moving average price of $344.66 and a two-hundred day moving average price of $334.72. Visa has a 1-year low of $252.70 and a 1-year high of $372.43.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.