Visa (NYSE:V) Given New $390.00 Price Target at Oppenheimer

Visa (NYSE:V) had its price objective raised by Oppenheimer from $375.00 to $390.00 in a research note published on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the credit-card processor’s stock.

Several other research firms have also issued reports on V. Susquehanna lifted their price objective on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday. Robert W. Baird upped their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America increased their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Stock Performance

Shares of V stock opened at $342.05 on Friday. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The stock’s 50-day moving average is $317.74 and its two-hundred day moving average is $292.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $637.19 billion, a P/E ratio of 35.15, a PEG 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, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Analysts predict that Visa will post 11.18 earnings per share for the current fiscal year.

Visa Dividend Announcement

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 issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Trading of Visa

Hedge funds have recently modified their holdings of the company. Czech National Bank lifted its position in shares of Visa by 13.4% during the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after purchasing an additional 40,268 shares in the last quarter. Unique Wealth LLC lifted its holdings in Visa by 16.7% during the 3rd quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor’s stock worth $2,246,000 after buying an additional 1,171 shares in the last quarter. SG Americas Securities LLC boosted its position in Visa by 4,412.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock valued at $1,119,725,000 after buying an additional 4,166,905 shares during the last quarter. Farmers Trust Co. increased its stake in shares of Visa by 0.6% in the 3rd quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor’s stock valued at $7,086,000 after buying an additional 154 shares during the period. Finally, Delta Financial Group Inc. raised its position in shares of Visa by 1.3% during the third quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor’s stock worth $2,110,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds 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.