Analysts Set Visa Inc. (NYSE:V) Target Price at $392.65

Visa Inc. (NYSE:V) has earned an average rating of “Buy” from the thirty ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and seven have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $392.6522.

A number of equities analysts have weighed in on V shares. Evercore set a $380.00 target price on Visa in a research report on Friday, December 12th. Bank of America assumed coverage on shares of Visa in a research note on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target for the company. UBS Group reissued a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Morgan Stanley restated an “overweight” rating and set a $411.00 price objective (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Finally, Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, February 2nd.

Visa Stock Performance

Shares of V opened at $316.03 on Friday. The company has a market cap of $573.65 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 1.82 and a beta of 0.78. The business’s fifty day simple moving average is $328.80 and its two-hundred day simple moving average is $337.05. Visa has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the company posted $2.75 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Research analysts anticipate that Visa will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is 25.14%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clayton Financial Group LLC increased its position in Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after buying an additional 58 shares in the last quarter. PayPay Securities Corp raised its stake in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 38 shares during the period. Cresta Advisors Ltd. purchased a new position in Visa during the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC boosted its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the period. Finally, Dorato Capital Management bought a new position in shares of Visa in the fourth quarter worth approximately $30,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.