UBS Group Boosts Visa (NYSE:V) Price Target to $325.00

Visa (NYSE:V) had its price objective lifted by UBS Group from $315.00 to $325.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the credit-card processor’s stock.

A number of other analysts have also issued reports on V. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the company a positive rating in a report on Friday, January 26th. Oppenheimer boosted their price target on Visa from $297.00 to $299.00 and gave the company an outperform rating in a report on Wednesday. Raymond James boosted their price target on Visa from $287.00 to $311.00 and gave the company an outperform rating in a report on Friday, January 26th. Evercore ISI boosted their price target on Visa from $325.00 to $335.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Finally, KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an overweight rating in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $302.58.

Visa Stock Down 0.2 %

Shares of NYSE:V opened at $274.58 on Wednesday. Visa has a 1 year low of $216.14 and a 1 year high of $290.96. The business has a 50 day simple moving average of $279.24 and a two-hundred day simple moving average of $264.33. The firm has a market capitalization of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45.

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

Visa Announces Dividend

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

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated 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 sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated 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 sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated 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 directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of V. Altshuler Shaham Ltd purchased a new position in Visa during the third quarter valued at approximately $25,000. Livelsberger Financial Advisory purchased a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new stake in shares of Visa in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC boosted its stake in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.