Visa (NYSE:V) Price Target Increased to $325.00 by Analysts at UBS Group

Visa (NYSE:V) had its price target raised by UBS Group from $315.00 to $325.00 in a research report sent to investors on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the credit-card processor’s stock.

Several other equities analysts have also recently issued reports on V. Wedbush lifted their price objective on Visa from $280.00 to $300.00 and gave the company an outperform rating in a research note on Wednesday. Redburn Atlantic restated a neutral rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Oppenheimer boosted their target price on Visa from $297.00 to $299.00 and gave the stock an outperform rating in a research note on Wednesday. Evercore ISI boosted their target price on Visa from $325.00 to $335.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Finally, Raymond James boosted their target price on Visa from $287.00 to $311.00 and gave the stock an outperform rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $302.58.

Visa Stock Performance

Shares of Visa stock opened at $275.04 on Wednesday. The business has a 50-day moving average of $279.44 and a 200 day moving average of $263.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $505.11 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.72% and a net margin of 53.87%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 EPS. As a group, sell-side analysts forecast that Visa will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock valued at $5,256,352. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

A number of institutional investors have recently bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its position in shares of Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares in the last quarter. Buttonwood Financial Advisors Inc. lifted its position in shares of Visa by 6.0% in the third quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock valued at $3,816,000 after acquiring an additional 933 shares in the last quarter. Trust Co. of Oklahoma lifted its position in shares of Visa by 1.5% in the third quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock valued at $7,214,000 after acquiring an additional 453 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of Visa by 1.6% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock valued at $1,235,000 after acquiring an additional 86 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its position in shares of Visa by 29.8% in the third quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock valued at $1,552,000 after acquiring an additional 1,550 shares in 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.