Brokerages Set Visa Inc. (NYSE:V) PT at $329.70

Visa Inc. (NYSE:V) has earned an average rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $330.85.

Several analysts recently weighed in on the company. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler upped their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd.

Visa Stock Performance

NYSE V opened at $307.71 on Monday. The firm’s 50 day simple moving average is $312.14 and its 200 day simple moving average is $286.85. The firm has a market capitalization of $573.23 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa has a 1 year low of $252.70 and a 1 year high of $321.61.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that Visa will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

Several large investors have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at about $26,000. Modus Advisors LLC bought a new stake in Visa in the 4th quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in Visa in the 3rd quarter valued at about $31,000. West Financial Advisors LLC lifted its position in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new position in shares of Visa in the 2nd quarter worth approximately $39,000. Institutional investors own 82.15% of the company’s stock.

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.