Visa (NYSE:V) Earns “Outperform” Rating from William Blair

William Blair reaffirmed their outperform rating on shares of Visa (NYSE:V) in a research report released on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for Visa’s Q3 2024 earnings at $2.39 EPS, FY2024 earnings at $9.92 EPS, Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

A number of other research firms have also commented on V. Mizuho reaffirmed a neutral rating and set a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. KeyCorp lifted their target price on shares of Visa from $275.00 to $300.00 and gave the stock an overweight rating in a report on Monday, January 8th. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the company an outperform rating in a report on Friday, January 26th. TD Cowen assumed coverage on shares of Visa in a report on Thursday, April 11th. They issued a buy rating and a $320.00 price target for the company. Finally, Barclays boosted their price target on shares of Visa from $304.00 to $319.00 and gave the company an overweight rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $302.58.

Visa Stock Performance

V stock opened at $274.58 on Wednesday. The company has a 50 day moving average price of $279.24 and a 200 day moving average price of $264.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Visa will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Visa during the 4th quarter worth approximately $3,895,015,000. International Assets Investment Management LLC lifted its stake in Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the last quarter. FMR LLC boosted its holdings in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Visa in the 3rd quarter valued at $358,349,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Visa by 14,306.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after buying an additional 1,489,856 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

About Visa

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.