FY2024 EPS Estimates for Visa Inc. Cut by Analyst (NYSE:V)

Visa Inc. (NYSE:V) – Investment analysts at William Blair reduced their FY2024 earnings estimates for shares of Visa in a note issued to investors on Wednesday, April 24th. William Blair analyst C. Kennedy now forecasts that the credit-card processor will earn $9.92 per share for the year, down from their prior forecast of $9.98. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

A number of other equities research analysts also recently issued reports on V. UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. Mizuho reissued a “neutral” rating and set a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Trading Down 0.2 %

Shares of V stock opened at $274.52 on Friday. Visa has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The company has a 50-day simple moving average of $279.24 and a two-hundred day simple moving average of $264.52. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the firm posted $2.09 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.

Institutional Trading of Visa

Institutional investors and hedge funds have recently made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the last quarter. Nadler Financial Group Inc. grew its holdings in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new position in shares of Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in Visa in the 4th quarter worth $3,427,000. Finally, Wayfinding Financial LLC grew its holdings in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, 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. Insiders have sold 19,874 shares of company stock worth $5,506,827 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Visa Announces Dividend

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

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.