Visa Inc. (NYSE:V) – Equities research analysts at Wedbush reduced their Q1 2021 earnings per share estimates for shares of Visa in a report issued on Sunday, January 24th. Wedbush analyst M. Katri now expects that the credit-card processor will earn $1.29 per share for the quarter, down from their previous estimate of $1.32. Wedbush currently has a “Buy” rating and a $220.00 target price on the stock. Wedbush also issued estimates for Visa’s Q2 2021 earnings at $1.37 EPS, Q3 2021 earnings at $1.41 EPS, Q4 2021 earnings at $1.51 EPS and FY2021 earnings at $5.58 EPS.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.03 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%.
NYSE:V opened at $194.97 on Tuesday. The company has a market cap of $379.92 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa has a twelve month low of $133.93 and a twelve month high of $220.39. The business has a 50 day moving average price of $209.18 and a two-hundred day moving average price of $203.36. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $182.53, for a total value of $1,642,770.00. Following the completion of the transaction, the chief executive officer now owns 120,090 shares of the company’s stock, valued at $21,920,027.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO James H. Hoffmeister sold 2,157 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $208.87, for a total transaction of $450,532.59. The disclosure for this sale can be found here. Insiders have sold 80,205 shares of company stock worth $17,188,463 over the last ninety days. Insiders own 0.19% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kinloch Capital LLC acquired a new stake in Visa in the fourth quarter valued at about $27,000. FNY Investment Advisers LLC boosted its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Newfound Research LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. New Capital Management LP bought a new stake in shares of Visa during the 4th quarter valued at approximately $35,000. Finally, Brand Asset Management Group Inc. increased its position in Visa by 52.7% during the 3rd quarter. Brand Asset Management Group Inc. now owns 258 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 80.50% of the company’s stock.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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