Visa’s (V) Outperform Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Visa (NYSE:V) in a report released on Wednesday morning, LiveTradingNews reports.

A number of other equities analysts have also commented on V. Deutsche Bank raised their price objective on shares of Visa from $160.00 to $177.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Robert W. Baird set a $182.00 price objective on shares of Visa and gave the stock an outperform rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Visa from a hold rating to a buy rating and set a $185.00 price objective for the company in a research note on Friday, May 17th. Nomura raised their price objective on shares of Visa from $175.00 to $178.00 and gave the stock a buy rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets raised their price objective on shares of Visa to $214.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Visa currently has a consensus rating of Buy and a consensus price target of $179.83.

Shares of Visa stock traded up $1.59 on Wednesday, hitting $176.87. The company had a trading volume of 4,066,632 shares, compared to its average volume of 7,776,325. The business has a 50-day simple moving average of $167.74. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The stock has a market cap of $353.04 billion, a P/E ratio of 38.37, a PEG ratio of 1.99 and a beta of 0.96. Visa has a 52 week low of $121.60 and a 52 week high of $176.99.

Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.07. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. On average, equities analysts expect that Visa will post 5.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.57%. Visa’s dividend payout ratio is 21.69%.

In other news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now directly owns 300,114 shares in the company, valued at approximately $49,590,837.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

A number of hedge funds have recently made changes to their positions in V. FMR LLC raised its stake in shares of Visa by 1.9% in the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after acquiring an additional 1,731,813 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the last quarter. Lunia Capital LP raised its stake in shares of Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Visa by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 18,622,097 shares of the credit-card processor’s stock worth $2,456,999,000 after buying an additional 534,608 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Visa by 1.6% during the fourth quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock worth $2,282,743,000 after buying an additional 271,382 shares during the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Analyst Recommendations for Visa (NYSE:V)

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