Visa (NYSE:V) PT Raised to $299.00 at Oppenheimer

Visa (NYSE:V) had its price objective lifted by Oppenheimer from $297.00 to $299.00 in a report released on Wednesday, Benzinga reports. They currently have an outperform rating on the credit-card processor’s stock.

Several other equities research analysts have also commented on V. Robert W. Baird upped their target price on Visa from $314.00 to $320.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. KeyCorp upped their target price on Visa from $275.00 to $300.00 and gave the company an overweight rating in a research report on Monday, January 8th. Barclays upped their target price on Visa from $304.00 to $319.00 and gave the company an overweight rating in a research report on Monday, January 29th. William Blair restated an outperform rating on shares of Visa in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the stock an outperform rating in a research note on Friday, January 26th. 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.com, the stock currently has an average rating of Moderate Buy and an average target price of $302.58.

Visa Trading Down 0.2 %

Shares of V stock opened at $274.58 on Wednesday. The firm has a market capitalization of $504.27 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.90 and a beta of 0.96. Visa has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $279.24 and its 200 day simple moving average is $264.33.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Visa will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the company’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 value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the company’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 value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock valued at $5,506,827 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently bought and sold shares of V. Trifecta Capital Advisors LLC grew its holdings in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares during the period. Buttonwood Financial Advisors Inc. grew its holdings in Visa by 6.0% during the third quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock valued at $3,816,000 after purchasing an additional 933 shares during the period. Trust Co. of Oklahoma grew its holdings in Visa by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock valued at $7,214,000 after purchasing an additional 453 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Visa by 1.6% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock worth $1,235,000 after acquiring an additional 86 shares during the period. Finally, Naples Global Advisors LLC boosted its holdings in shares of Visa by 29.8% in the third quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock worth $1,552,000 after acquiring an additional 1,550 shares during the period. 82.15% of the stock is owned by institutional investors.

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.