Visa Inc. (NYSE:V) has been assigned an average rating of “Buy” from the thirty-four ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $109.50.

A number of analysts have issued reports on the company. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $108.51 target price for the company in a research note on Tuesday, September 26th. BidaskClub raised Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. KeyCorp reaffirmed a “buy” rating and issued a $110.00 target price on shares of Visa in a research note on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Visa in a research note on Thursday, July 13th. Finally, Sandler O’Neill reaffirmed a “hold” rating on shares of Visa in a research note on Wednesday, June 21st.

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Visa (NYSE:V) traded down 0.27% on Wednesday, reaching $105.31. 4,146,782 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $104.30 and a 200-day moving average price of $96.70. The stock has a market capitalization of $240.78 billion, a price-to-earnings ratio of 39.16 and a beta of 0.93. Visa has a 52 week low of $75.17 and a 52 week high of $106.84.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that Visa will post $3.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.54%.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in V. Westwood Management Corp IL increased its position in Visa by 82.0% during the first quarter. Westwood Management Corp IL now owns 60,800 shares of the credit-card processor’s stock worth $5,403,000 after buying an additional 27,400 shares during the period. V Wealth Management LLC increased its position in Visa by 24.1% during the first quarter. V Wealth Management LLC now owns 9,876 shares of the credit-card processor’s stock worth $877,000 after buying an additional 1,915 shares during the period. Factory Mutual Insurance Co. increased its position in Visa by 5.1% during the first quarter. Factory Mutual Insurance Co. now owns 827,800 shares of the credit-card processor’s stock worth $73,566,000 after buying an additional 40,000 shares during the period. Patriot Wealth Management Inc. increased its position in Visa by 1.5% during the first quarter. Patriot Wealth Management Inc. now owns 67,670 shares of the credit-card processor’s stock worth $6,014,000 after buying an additional 997 shares during the period. Finally, Nicolet Bankshares Inc. increased its position in Visa by 0.3% during the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock worth $828,000 after buying an additional 27 shares during the period. 81.69% of the stock is currently owned by institutional investors.

About Visa

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.

Analyst Recommendations for Visa (NYSE:V)

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