Visa Inc. (NYSE:V) Receives $324.74 Consensus PT from Analysts

Shares of Visa Inc. (NYSE:V) have earned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, twenty-four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $326.41.

A number of research firms recently weighed in on V. Compass Point started coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $321.00 price target (up previously from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Piper Sandler lifted their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Finally, BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently modified their holdings of the stock. IMS Capital Management increased its holdings in shares of Visa by 0.9% during the 3rd quarter. IMS Capital Management now owns 10,962 shares of the credit-card processor’s stock valued at $3,014,000 after purchasing an additional 93 shares in the last quarter. Brass Tax Wealth Management Inc. grew its position in Visa by 12.6% during the third quarter. Brass Tax Wealth Management Inc. now owns 2,298 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 257 shares during the period. Legacy Wealth Management LLC MS increased its holdings in Visa by 2.5% in the third quarter. Legacy Wealth Management LLC MS now owns 27,274 shares of the credit-card processor’s stock valued at $7,499,000 after buying an additional 655 shares in the last quarter. Alternative Investment Advisors LLC. acquired a new position in shares of Visa in the third quarter worth about $224,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Visa by 5.5% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,589 shares of the credit-card processor’s stock worth $714,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $309.78 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $577.08 billion, a PE ratio of 31.84, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a 50 day moving average price of $301.66 and a 200-day moving average price of $281.98. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company posted $2.33 EPS. Visa’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Visa will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

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.