Visa (NYSE:V) PT Raised to $270.00

Visa (NYSE:VGet Rating) had its target price raised by Robert W. Baird from $250.00 to $270.00 in a report issued on Thursday morning, The Fly reports. The firm currently has an outperform rating on the credit-card processor’s stock.

Other research analysts have also recently issued research reports about the company. Truist Financial dropped their price objective on Visa from $250.00 to $220.00 and set a buy rating on the stock in a research note on Thursday, October 13th. Jefferies Financial Group increased their price objective on Visa from $225.00 to $260.00 and gave the stock a buy rating in a research note on Wednesday. Raymond James dropped their price objective on Visa from $262.00 to $261.00 and set an outperform rating on the stock in a research note on Tuesday, October 18th. Oppenheimer dropped their price objective on Visa from $216.00 to $210.00 and set an outperform rating on the stock in a research note on Wednesday, October 26th. Finally, Credit Suisse Group increased their target price on Visa from $235.00 to $245.00 and gave the company an outperform rating in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $253.59.

Visa Trading Up 0.4 %

Shares of NYSE V opened at $220.41 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $211.91 and its 200-day moving average price is $204.13. Visa has a fifty-two week low of $174.60 and a fifty-two week high of $235.85. The company has a market cap of $415.14 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.80 and a beta of 0.95.

Visa (NYSE:VGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.07. Visa had a return on equity of 48.56% and a net margin of 51.03%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.55 billion. On average, sell-side analysts expect that Visa will post 8.28 earnings per share for the current year.

Visa Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 16th were paid a $0.395 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.58 dividend on an annualized basis and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is 25.75%.

Visa declared that its Board of Directors has initiated a share buyback program on Tuesday, October 25th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, insider Rajat Taneja sold 25,627 shares of Visa stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $50,291,707.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently modified their holdings of V. Stratos Wealth Advisors LLC grew its position in shares of Visa by 344.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 27,352 shares of the credit-card processor’s stock valued at $5,683,000 after acquiring an additional 21,197 shares during the period. Quent Capital LLC grew its position in shares of Visa by 3.5% during the 4th quarter. Quent Capital LLC now owns 5,400 shares of the credit-card processor’s stock valued at $1,122,000 after acquiring an additional 182 shares during the period. Asset Dedication LLC grew its position in shares of Visa by 17.9% during the 4th quarter. Asset Dedication LLC now owns 24,444 shares of the credit-card processor’s stock valued at $5,061,000 after acquiring an additional 3,719 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Visa by 4.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 150,968 shares of the credit-card processor’s stock valued at $31,365,000 after acquiring an additional 6,214 shares during the period. Finally, Stanley Laman Group Ltd. acquired a new stake in shares of Visa during the 4th quarter valued at about $259,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Visa Company Profile

(Get Rating)

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

See Also

The Fly logo

Analyst Recommendations for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.