Macquarie Raises Visa (NYSE:V) Price Target to $300.00

Visa (NYSE:V) had its price objective lifted by Macquarie from $290.00 to $300.00 in a report published on Wednesday, Benzinga reports. Macquarie currently has an outperform rating on the credit-card processor’s stock.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an outperform rating in a research report on Wednesday. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a buy rating in a research report on Wednesday. Wells Fargo & Company lifted 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. Robert W. Baird lifted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. Finally, Redburn Atlantic reissued a neutral rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of Moderate Buy and a consensus target price of $302.58.

Visa Stock Performance

Shares of V stock opened at $274.58 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The company has a market capitalization of $504.27 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company’s 50 day moving average price is $279.24 and its two-hundred day moving average price is $264.33. Visa has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the company earned $2.09 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that Visa will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nadler Financial Group Inc. raised its position in shares of Visa by 3.8% during the first quarter. Nadler Financial Group Inc. now owns 1,972 shares of the credit-card processor’s stock worth $550,000 after purchasing an additional 72 shares during the period. K.J. Harrison & Partners Inc raised its position in shares of Visa by 0.9% during the first quarter. K.J. Harrison & Partners Inc now owns 25,837 shares of the credit-card processor’s stock worth $7,211,000 after purchasing an additional 222 shares during the period. Capital Performance Advisors LLP raised its position in shares of Visa by 8.5% during the first quarter. Capital Performance Advisors LLP now owns 1,141 shares of the credit-card processor’s stock worth $318,000 after purchasing an additional 89 shares during the period. BayBridge Capital Group LLC raised its position in shares of Visa by 4.6% during the first quarter. BayBridge Capital Group LLC now owns 4,186 shares of the credit-card processor’s stock worth $1,140,000 after purchasing an additional 184 shares during the period. Finally, Trueblood Wealth Management LLC raised its position in Visa by 16.7% in the 1st quarter. Trueblood Wealth Management LLC now owns 2,618 shares of the credit-card processor’s stock valued at $731,000 after buying an additional 375 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

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.