Visa Inc. (NYSE:V) Receives $353.96 Average Target Price from Brokerages

Shares of Visa Inc. (NYSE:V) have been given a consensus rating of “Moderate Buy” by the twenty-nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $353.96.

Several analysts recently issued reports on V shares. Piper Sandler restated an “overweight” rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. UBS Group boosted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st.

Visa Stock Performance

V stock opened at $343.96 on Friday. The company has a market cap of $639.00 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa has a 1 year low of $252.70 and a 1 year high of $366.54. The stock’s fifty day moving average price is $341.23 and its 200-day moving average price is $313.75.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts forecast that Visa will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In other news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Visa

Large investors have recently added to or reduced their stakes in the stock. Fire Capital Management LLC purchased a new position in shares of Visa in the 4th quarter worth approximately $1,034,000. Mascagni Wealth Management Inc. purchased a new position in Visa during the fourth quarter worth $71,000. Prostatis Group LLC boosted its stake in Visa by 1.1% during the fourth quarter. Prostatis Group LLC now owns 2,976 shares of the credit-card processor’s stock worth $941,000 after buying an additional 32 shares during the period. Fairtree Asset Management Pty Ltd bought a new position in Visa during the fourth quarter valued at $871,000. Finally, M1 Capital Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at $277,000. 82.15% of the stock is owned by institutional investors.

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.