Visa (NYSE:V) PT Raised to $275.00 at Mizuho

Visa (NYSE:V) had its target price raised by Mizuho from $265.00 to $275.00 in a research report report published on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the credit-card processor’s stock.

A number of other research firms also recently commented on V. Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the company an outperform rating in a report on Friday, January 26th. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a positive rating in a report on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an overweight rating in a research note on Wednesday, March 6th. Redburn Atlantic restated a neutral rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Finally, Wedbush lifted their target price on Visa from $280.00 to $300.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $303.00.

Visa Trading Up 0.3 %

NYSE V opened at $268.49 on Thursday. Visa has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a 50 day moving average of $278.17 and a two-hundred day moving average of $265.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $493.08 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping 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 firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa will post 9.94 EPS 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 given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction 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 completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last three months, insiders sold 11,724 shares of company stock valued at $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several institutional investors and hedge funds have recently made changes to their positions in V. SPC Financial Inc. raised its position in shares of Visa by 1.4% in the first quarter. SPC Financial Inc. now owns 5,463 shares of the credit-card processor’s stock valued at $1,525,000 after buying an additional 78 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in Visa by 447.7% in the 1st quarter. McClarren Financial Advisors Inc. now owns 838 shares of the credit-card processor’s stock worth $234,000 after acquiring an additional 685 shares during the period. Valley Wealth Managers Inc. raised its holdings in Visa by 39.6% in the 1st quarter. Valley Wealth Managers Inc. now owns 1,948 shares of the credit-card processor’s stock valued at $544,000 after acquiring an additional 553 shares during the last quarter. Commonwealth Retirement Investments LLC lifted its stake in shares of Visa by 3.1% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 8,275 shares of the credit-card processor’s stock worth $2,310,000 after purchasing an additional 247 shares during the period. Finally, Bancreek Capital Management LP boosted its holdings in shares of Visa by 1.3% during the first quarter. Bancreek Capital Management LP now owns 26,782 shares of the credit-card processor’s stock worth $7,474,000 after purchasing an additional 336 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other 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.