Visa (NYSE:V) Trading 0% Higher After Analyst Upgrade

Visa Inc. (NYSE:V) traded up 0% during mid-day trading on Wednesday after Robert W. Baird raised their price target on the stock from $314.00 to $320.00. Robert W. Baird currently has an outperform rating on the stock. Visa traded as high as $274.13 and last traded at $271.35. 8,237,131 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 6,264,667 shares. The stock had previously closed at $271.28.

A number of other equities analysts have also weighed in on the stock. Redburn Atlantic restated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Mizuho reaffirmed a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada lifted their target price on shares of Visa from $290.00 to $309.00 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 nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Buying and Selling

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 shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’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 transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of V. Moneta Group Investment Advisors LLC boosted its holdings in shares of Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after buying an additional 24,483,134 shares in the last quarter. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $3,895,015,000. Morgan Stanley boosted its holdings in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after buying an additional 5,864,340 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. Finally, Legal & General Group Plc boosted its stake in Visa by 29.7% during the 4th quarter. Legal & General Group Plc now owns 14,015,639 shares of the credit-card processor’s stock worth $3,648,985,000 after purchasing an additional 3,209,334 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

The stock has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96. The stock’s 50 day moving average is $279.71 and its two-hundred day moving average is $262.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.18 EPS. Analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

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.