Robert W. Baird Raises Visa (NYSE:V) Price Target to $320.00

Visa (NYSE:V) had its target price lifted by Robert W. Baird from $314.00 to $320.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the credit-card processor’s stock.

V has been the topic of several other reports. Citigroup boosted their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Wells Fargo & Company raised their price objective on Visa from $300.00 to $325.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. UBS Group boosted their target price on Visa from $305.00 to $315.00 and gave the stock a buy rating in a report on Friday, January 26th. Wedbush raised their price target on Visa from $270.00 to $280.00 and gave the company an outperform rating in a report on Friday, January 26th. Finally, William Blair reaffirmed an outperform rating on shares of Visa in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of Moderate Buy and a consensus target price of $298.43.

Visa Stock Down 0.6 %

NYSE:V opened at $269.71 on Wednesday. Visa has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $279.58 and its two-hundred day moving average price is $262.89.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the business earned $2.18 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Visa will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given 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%.

Insider Buying and Selling at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value 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 disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Large investors have recently bought and sold shares of the business. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter valued at about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa during the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new position in shares of Visa in the first quarter valued at approximately $25,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter valued at approximately $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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.