Visa (NYSE:V) Stock Price Expected to Rise, Susquehanna Analyst Says

Visa (NYSE:V) had its price objective raised by Susquehanna from $326.00 to $339.00 in a research note released on Wednesday morning, Benzinga reports. Susquehanna currently has a positive rating on the credit-card processor’s stock.

A number of other equities analysts also recently issued reports on V. Piper Sandler upped their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup reduced their target price on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lifted their target price on shares of Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $320.70.

Visa Trading Up 0.3 %

Shares of NYSE V opened at $290.74 on Wednesday. The business has a fifty day moving average price of $281.00 and a 200 day moving average price of $273.63. Visa has a 1-year low of $239.20 and a 1-year high of $296.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The stock has a market capitalization of $529.82 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. Equities research analysts expect that Visa will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is presently 21.38%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Institutional Trading of Visa

Institutional investors and hedge funds have recently modified their holdings of the stock. WFA Asset Management Corp raised its position in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Visa by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 60,371 shares of the credit-card processor’s stock worth $16,848,000 after purchasing an additional 655 shares in the last quarter. KFG Wealth Management LLC boosted its holdings in shares of Visa by 13.2% during the 1st quarter. KFG Wealth Management LLC now owns 949 shares of the credit-card processor’s stock worth $265,000 after purchasing an additional 111 shares during the last quarter. Leeward Financial Partners LLC grew its position in shares of Visa by 5.7% in the first quarter. Leeward Financial Partners LLC now owns 13,782 shares of the credit-card processor’s stock valued at $3,846,000 after purchasing an additional 739 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $103,000. Hedge funds and other 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.