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

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

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price target on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. 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 note on Friday, January 3rd. Citigroup raised their price target on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average 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 firm has a market capitalization of $637.19 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa has a twelve month low of $252.70 and a twelve month high of $351.25. The stock’s 50 day moving average price is $317.09 and its two-hundred day moving average price is $292.45.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Visa will post 11.18 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given 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 dividend payout ratio (DPR) is presently 24.25%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is available 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 shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

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

About Visa

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.