Visa (NYSE:V) Price Target Raised to $410.00 at Jefferies Financial Group

Visa (NYSE:V - Free Report) had its price target hoisted by Jefferies Financial Group from $400.00 to $410.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the credit-card processor's stock.

Other analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group lifted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Raymond James reiterated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $366.13.

Visa Trading Up 0.8%

V traded up $3.03 during midday trading on Tuesday, hitting $365.43. The company's stock had a trading volume of 8,725,642 shares, compared to its average volume of 7,023,748. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa has a 52-week low of $252.70 and a 52-week high of $369.15. The firm has a market cap of $674.28 billion, a P/E ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96. The firm has a 50-day moving average price of $343.40 and a two-hundred day moving average price of $333.54.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Visa will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Corporate insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Keystone Global Partners LLC bought a new position in shares of Visa in the first quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter valued at about $27,000. von Borstel & Associates Inc. bought a new position in Visa during the first quarter valued at about $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by 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.