Visa (NYSE:V) PT Raised to $315.00

Visa (NYSE:V) had its price objective raised by Royal Bank of Canada from $309.00 to $315.00 in a research note published on Wednesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the credit-card processor’s stock.

Several other equities analysts also recently commented on V. Oppenheimer increased their target price on shares of Visa from $297.00 to $299.00 and gave the stock an outperform rating in a research report on Wednesday. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the stock an overweight rating in a research report on Monday, January 29th. Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Redburn Atlantic reaffirmed a neutral rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, TD Cowen initiated coverage on Visa in a research report on Thursday, April 11th. They issued a buy rating and a $320.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $302.58.

Visa Price Performance

Shares of NYSE:V opened at $275.04 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $505.11 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 1.89 and a beta of 0.96. Visa has a 1 year low of $216.14 and a 1 year high of $290.96. The business has a fifty day simple moving average of $279.44 and a 200 day simple moving average of $263.97.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. As a group, sell-side analysts predict that Visa will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were 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. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 over the last quarter. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Alaethes Wealth LLC raised its position in Visa by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after acquiring an additional 37 shares during the period. Jessup Wealth Management Inc raised its position in Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after acquiring an additional 37 shares during the period. Garden State Investment Advisory Services LLC raised its position in Visa by 1.8% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock worth $571,000 after acquiring an additional 38 shares during the period. Aurora Private Wealth Inc. raised its position in Visa by 3.8% in the first quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock worth $289,000 after acquiring an additional 38 shares during the period. Finally, Holistic Financial Partners raised its position in Visa by 2.0% in the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock worth $514,000 after acquiring an additional 39 shares during the period. Institutional investors 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.