Visa (NYSE:V) is trading 0.1% higher after analyst upgrade

Visa Inc. (NYSE:V – Get Free Report) rose 0.1% on Friday after Mizuho raised its price target for the stock from $265.00 to $275.00. Mizuho currently has a neutral rating on the stock. Visa was trading at $269.38 and last traded at $267.80. Approximately 1,175,372 shares traded during afternoon trading, an 80% decline from the average daily volume of 5,870,658 shares. The stock previously closed at $267.61.

Other analysts have also issued research reports on the company. Macquarie raised their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26. Barclays raised their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24. Finally, Raymond James raised their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $303.00.

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Insider activity

In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, available at this link. In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the CEO now owns 538 shares of the company’s stock, valued at $150,833.68. The explanation of this sale can be found here. Insiders have sold a total of 11,724 shares of the company’s stock, worth $3,278,698, in the last 90 days. 0.19% of the shares are owned by company insiders.

Hedge funds weigh on Visa

A number of institutional investors and hedge funds have recently increased or decreased their stakes in the stock. Trifecta Capital Advisors LLC increased its position in shares of Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the last quarter. RMR Wealth Builders strengthened its position in Visa shares by 19.6% in the third quarter. RMR Wealth Builders now owns 12,725 shares of the credit card processor’s stock worth $2,927,000 after acquiring an additional 2,085 shares during the period. Suncoast Equity Management increased its position in Visa by 1.1% during the third quarter. Suncoast Equity Management now owns 154,072 shares of the credit card processor’s stock worth $35,438,000 after acquiring an additional 1,740 shares during the period. Atlas Private Wealth Management increased its stake in Visa by 3.6% in the third quarter. Atlas Private Wealth Management now owns 10,534 shares of the credit card processor’s stock worth $2,423,000 after purchasing an additional 369 shares in the last quarter. Finally, Sweet Financial Partners LLC increased its stake in Visa by 2.9% in the third quarter. Sweet Financial Partners LLC now owns 11,837 shares of the credit card processor’s stock worth $2,723,000 after purchasing an additional 337 shares during the period. 82.15% of the shares are held by institutional investors and hedge funds.

Visa trading rises 0.3%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a price-to-earnings ratio of 1.83, and a beta of 0.95. The company’s 50-day moving average price is $278.47 and its two-hundred-day moving average price is $265.22.

Visa (NYSE:V – Get Free Report) last reported its quarterly earnings data on Tuesday, April 23. The credit card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the company posted earnings per share of $2.09. The company’s revenue rose 9.9% year over year this quarter. Research analysts predict that Visa Inc. will post earnings per share of 9.93 for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3. A dividend of $0.52 will be paid to shareholders of record on Friday, May 17. This represents a dividend of $2.08 annually and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16. Visa’s dividend payout ratio currently stands at 23.24%.

About Visa

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Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions. It also offers credit, debit and prepaid card products; tap to pay, tokenization and click to pay; 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 payment network; Visa Cross-Border Solution, a solution for cross-border consumer payments; and Visa DPS which offers a range of value-added services including anti-fraud, dispute management, data analytics, campaign management, a range of digital solutions and contact center services.

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