Visa (NYSE:V) Price Target Raised to $395.00

Visa (NYSE:V) had its price objective increased by Susquehanna from $375.00 to $395.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a positive rating on the credit-card processor’s stock.

V has been the subject of a number of other reports. Piper Sandler increased their price target on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their target price on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Oppenheimer increased their target price on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company increased their price target on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $352.27.

Visa Stock Down 0.3 %

NYSE V opened at $342.05 on Friday. The business has a fifty day moving average price of $317.74 and a 200 day moving average price of $293.12. Visa has a one year low of $252.70 and a one year high of $351.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $637.19 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Research analysts anticipate that Visa will post 11.18 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Custom Index Systems LLC bought a new position in Visa in the third quarter valued at approximately $731,000. Copley Financial Group Inc. acquired a new stake in Visa in the third quarter valued at approximately $616,000. Oak Ridge Investments LLC lifted its holdings in shares of Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock worth $23,847,000 after purchasing an additional 4,198 shares during the period. FORA Capital LLC acquired a new position in shares of Visa during the third quarter worth $7,987,000. Finally, Chicago Capital LLC lifted its holdings in Visa by 5.2% in the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after buying an additional 20,023 shares during the period. 82.15% of the stock is owned by 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.