Visa Inc. (NYSE:V) Receives $387.67 Average Price Target from Brokerages

Visa Inc. (NYSE:VGet Free Report) has earned a consensus rating of “Buy” from the twenty-seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and six have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $387.6667.

A number of research analysts have commented on the stock. Weiss Ratings cut shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Macquarie Infrastructure restated an “outperform” rating and set a $410.00 price target on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price target on shares of Visa in a research note on Wednesday, April 29th. Bank of America assumed coverage on shares of Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 price target for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $395.00 price target on shares of Visa in a research note on Friday, January 30th.

Get Our Latest Research Report on Visa

Visa News Roundup

Here are the key news stories impacting Visa this week:

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,744 shares of company stock worth $14,356,010 over the last quarter. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Clayton Financial Group LLC raised its stake in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. PayPay Securities Corp raised its position in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in Visa in the 4th quarter worth approximately $26,000. Parvin Asset Management LLC raised its position in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new position in Visa in the 4th quarter worth approximately $30,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.6%

V stock opened at $329.21 on Thursday. Visa has a twelve month low of $293.89 and a twelve month high of $375.51. The company has a market cap of $590.53 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. The business’s 50-day simple moving average is $312.77 and its 200 day simple moving average is $325.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:VGet Free Report) last released its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same period last year, the business earned $2.76 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, research analysts anticipate that Visa will post 13.09 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 23.34%.

Visa declared that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Visa Company Profile

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

Analyst Recommendations for Visa (NYSE:V)

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