Visa (NYSE:V) Stock Price Expected to Rise, UBS Group Analyst Says

Visa (NYSE:V) had its price objective hoisted by UBS Group from $350.00 to $400.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a buy rating on the credit-card processor’s stock.

Other equities research analysts also recently issued research reports about the stock. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday. Macquarie boosted their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays upped their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Susquehanna raised their price target on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Stock Down 0.3 %

NYSE V opened at $342.05 on Friday. The stock has a 50 day moving average price of $317.74 and a 200-day moving average price of $292.96. 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 capitalization 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 released 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 net margin of 54.96% and a return on equity of 53.16%. As a group, equities analysts predict that Visa will post 11.18 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s payout ratio is presently 24.25%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Visa

Hedge funds have recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new position in shares of Visa during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth $26,000. Reston Wealth Management LLC acquired a new position in Visa during the third quarter worth about $31,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.