Visa (NYSE:V) Price Target Raised to $320.00 at Robert W. Baird

Visa (NYSE:V) had its price objective upped by Robert W. Baird from $314.00 to $320.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the credit-card processor’s stock.

V has been the subject of several other reports. Redburn Atlantic restated a neutral rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. William Blair restated an outperform rating on shares of Visa in a report on Friday, January 26th. Keefe, Bruyette & Woods raised their target price on shares of Visa from $305.00 to $315.00 and gave the company an outperform rating in a report on Friday, January 26th. Wedbush raised their target price on shares of Visa from $270.00 to $280.00 and gave the company an outperform rating in a report on Friday, January 26th. Finally, Wells Fargo & Company raised their price target on shares of Visa from $300.00 to $325.00 and gave the stock an overweight rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $298.43.

Visa Stock Performance

NYSE:V opened at $272.69 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market cap of $500.80 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The firm’s fifty day simple moving average is $279.80 and its 200-day simple moving average is $262.56.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the company earned $2.18 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Analysts expect that Visa will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Hedge funds have recently made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the third quarter worth $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the fourth quarter worth $25,000. Westend Capital Management LLC bought a new stake in shares of Visa in the first quarter worth $25,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

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.