Visa Inc. (NYSE:V) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Visa Inc. (NYSE:V - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $362.38.

• Visa Q2 Earnings Top Forecasts, Adds $30B Buyback Plan

Several analysts have weighed in on the company. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Bank of America increased their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, UBS Group dropped their target price on Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.

View Our Latest Stock Report on Visa

Insiders Place Their Bets

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In other Visa news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hirtle Callaghan & Co LLC raised its holdings in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares during the period. FWL Investment Management LLC raised its stake in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares during the period. Yeomans Consulting Group Inc. lifted its holdings in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its position in shares of Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after buying an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.5 %

• 3 Consumer Discretionary Stocks to Buy in a Divided Economy

V stock opened at $352.95 on Friday. The company has a market capitalization of $655.70 billion, a P/E ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96. The firm has a 50 day simple moving average of $336.98 and a 200-day simple moving average of $327.02. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa has a twelve month low of $252.70 and a twelve month high of $366.54.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 earnings per share. On average, equities research analysts predict that Visa will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

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.

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