Visa (NYSE:V) Price Target Lowered to $330.00 at Evercore ISI

Visa (NYSE:V) had its target price decreased by Evercore ISI from $335.00 to $330.00 in a research report report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the credit-card processor’s stock.

Several other research analysts have also issued reports on V. Robert W. Baird raised their target price on Visa from $314.00 to $320.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. William Blair reaffirmed an outperform rating on shares of Visa in a research report on Wednesday, April 24th. Macquarie raised their target price on Visa from $290.00 to $300.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Redburn Atlantic reaffirmed a neutral rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They set a buy rating and a $320.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $303.56.

Visa Trading Down 1.0 %

NYSE V opened at $273.66 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa has a twelve month low of $226.02 and a twelve month high of $290.96. The company has a market cap of $500.51 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. The business’s fifty day moving average is $274.11 and its 200 day moving average is $273.41.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the business posted $2.09 EPS. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Visa will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of hedge funds have recently modified their holdings of V. Norges Bank bought a new stake in Visa during the 4th quarter valued at $3,895,015,000. International Assets Investment Management LLC raised its holdings 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 valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. National Bank of Canada FI raised its holdings in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after acquiring an additional 4,099,122 shares during the period. Swedbank AB bought a new stake in Visa during the 1st quarter valued at $511,321,000. Finally, GQG Partners LLC raised its holdings in Visa by 40.1% during the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after acquiring an additional 1,715,686 shares during the period. Institutional investors own 82.15% of the company’s stock.

About Visa

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.