Visa (NYSE:V) Trading 0% Higher Following Analyst Upgrade

Visa Inc. (NYSE:V) traded up 0% during mid-day trading on Thursday after Mizuho raised their price target on the stock from $265.00 to $275.00. Mizuho currently has a neutral rating on the stock. Visa traded as high as $269.47 and last traded at $267.34. 1,045,872 shares changed hands during trading, a decline of 82% from the average session volume of 5,878,473 shares. The stock had previously closed at $267.32.

A number of other equities research analysts have also recently commented on the stock. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Macquarie increased their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Buying and Selling

In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s 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 sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock worth $3,278,698 over the last 90 days. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

Several institutional investors have recently bought and sold shares of V. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter worth $25,000. Livelsberger Financial Advisory acquired a new position in shares of Visa during the 4th quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in shares of Visa during the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter worth approximately $32,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Visa during the 4th quarter worth approximately $33,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

The stock’s 50-day moving average is $278.47 and its 200-day moving average is $265.22. The stock has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.83 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during 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 51.23%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. On average, analysts expect that Visa Inc. will post 9.93 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

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.