Visa (NYSE:V) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Visa (NYSE:V) from a moderate buy rating to a strong-buy rating in a report released on Tuesday morning, Zacks.com reports.

V has been the subject of a number of other reports. William Blair upgraded shares of Visa to a strong-buy rating in a report on Tuesday, July 23rd. Bank of America increased their target price on shares of Visa from $279.00 to $308.00 and gave the stock a neutral rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on Visa from $290.00 to $320.00 and gave the company an overweight rating in a report on Tuesday, August 20th. Monness Crespi & Hardt reiterated a neutral rating on shares of Visa in a report on Tuesday. Finally, Piper Sandler cut their price objective on Visa from $322.00 to $319.00 and set an overweight rating on the stock in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of Moderate Buy and an average target price of $310.22.

Visa Trading Up 1.3 %

Shares of V stock opened at $275.17 on Tuesday. The business has a 50-day moving average price of $271.12 and a two-hundred day moving average price of $273.39. Visa has a 12-month low of $227.78 and a 12-month high of $293.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $503.27 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the firm posted $2.16 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts anticipate that Visa will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brio Consultants LLC boosted its position in Visa by 39.1% during the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after purchasing an additional 437 shares in the last quarter. Gilbert & Cook Inc. grew its position in shares of Visa by 2.9% in the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock worth $1,466,000 after buying an additional 158 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of Visa by 9.2% during the 4th quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock worth $730,000 after acquiring an additional 235 shares in the last quarter. 9258 Wealth Management LLC lifted its position in Visa by 20.8% during the fourth quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock valued at $2,094,000 after acquiring an additional 1,387 shares during the last quarter. Finally, Gryphon Financial Partners LLC boosted its stake in Visa by 53.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 13,640 shares of the credit-card processor’s stock valued at $3,282,000 after acquiring an additional 4,774 shares in the last quarter. 82.15% of the stock is currently 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.