Several other analysts have also recently issued reports on V. Vetr upgraded Visa from a hold rating to a buy rating and set a $91.56 target price for the company in a report on Monday, February 27th. Zacks Investment Research cut Visa from a buy rating to a hold rating in a report on Tuesday, February 28th. Jefferies Group LLC restated a buy rating and issued a $96.00 target price on shares of Visa in a report on Wednesday, March 1st. Morgan Stanley restated an overweight rating on shares of Visa in a report on Wednesday, March 8th. Finally, Sanford C. Bernstein restated an outperform rating and issued a $104.00 target price on shares of Visa in a report on Saturday, March 11th. Four research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Visa currently has an average rating of Buy and an average target price of $96.68.
Visa (V) traded up 0.87% during midday trading on Tuesday, reaching $95.73. 2,223,537 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $93.91 and its 200 day moving average is $87.59. Visa has a 52 week low of $73.25 and a 52 week high of $96.60. The firm has a market capitalization of $220.79 billion, a price-to-earnings ratio of 47.77 and a beta of 0.94.
Visa (NYSE:V) last issued its earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.07. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. On average, equities analysts anticipate that Visa will post $3.37 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Friday, May 19th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.66 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is presently 33.00%.
In related news, Vice Chairman Ellen Richey sold 31,260 shares of Visa stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total transaction of $2,874,044.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.
A number of institutional investors have recently modified their holdings of V. Vanguard Group Inc. boosted its position in Visa by 2.8% in the first quarter. Vanguard Group Inc. now owns 124,392,253 shares of the credit-card processor’s stock worth $11,054,739,000 after buying an additional 3,435,975 shares during the period. BlackRock Inc. boosted its position in Visa by 2,635.2% in the first quarter. BlackRock Inc. now owns 113,209,633 shares of the credit-card processor’s stock worth $10,060,940,000 after buying an additional 109,070,598 shares during the period. State Street Corp boosted its position in Visa by 0.9% in the first quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after buying an additional 722,878 shares during the period. Morgan Stanley boosted its position in Visa by 0.4% in the first quarter. Morgan Stanley now owns 31,016,661 shares of the credit-card processor’s stock worth $2,756,451,000 after buying an additional 121,120 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Visa by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 24,705,752 shares of the credit-card processor’s stock worth $2,195,598,000 after buying an additional 937,380 shares during the period. 83.43% of the stock is owned by hedge funds and other institutional investors.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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