Shares of Visa Inc. (NYSE:V - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-eight ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $375.52.
A number of equities research analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of Visa in a report on Friday, June 13th. Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating on the stock. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th.
Get Our Latest Report on V
Visa Stock Up 0.8%
Shares of V traded up $2.96 during midday trading on Friday, hitting $356.93. The company had a trading volume of 3,915,274 shares, compared to its average volume of 5,404,370. The company's 50-day simple moving average is $356.30 and its 200-day simple moving average is $345.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $658.60 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.39 and a beta of 0.92. Visa has a 1 year low of $254.51 and a 1 year high of $375.51.
Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 earnings per share. As a group, sell-side analysts expect that Visa will post 11.3 EPS for the current year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa's payout ratio is currently 23.72%.
Insider Buying and Selling at Visa
In related news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last ninety days. Corporate insiders own 0.13% of the company's stock.
Hedge Funds Weigh In On Visa
Several hedge funds and other institutional investors have recently made changes to their positions in V. FWL Investment Management LLC lifted its stake in shares of Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after buying an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. boosted its stake in shares of Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC boosted its position in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares during the period. BankPlus Wealth Management LLC lifted its position in shares of Visa by 0.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock worth $1,185,000 after purchasing an additional 29 shares during the period. Finally, Transcendent Capital Group LLC increased its stake in Visa by 2.9% during the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
About Visa
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Get Free ReportVisa 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.
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