Visa (NYSE:V) Trading Up 0.7% Following Analyst Upgrade

Visa Inc. (NYSE:V - Get Free Report) rose 0.7% during mid-day trading on Tuesday after Barclays raised their price target on the stock from $319.00 to $347.00. Barclays currently has an overweight rating on the stock. Visa traded as high as $294.78 and last traded at $294.03. Approximately 1,044,047 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 7,029,482 shares. The stock had previously closed at $291.85.

Several other research firms also recently commented on V. Oppenheimer restated an "outperform" rating and set a $321.00 price objective (up previously from $318.00) on shares of Visa in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research report on Friday. BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Visa

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in shares of Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock valued at $2,683,101,000 after acquiring an additional 9,736,958 shares during the period. SG Americas Securities LLC increased its position in shares of Visa by 4,412.3% in the third 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 in the last quarter. National Bank of Canada FI lifted its position in shares of Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor's stock valued at $1,296,820,000 after buying an additional 4,099,122 shares in the last quarter. Swedbank AB acquired a new position in Visa during the first quarter worth $511,321,000. Finally, GQG Partners LLC lifted its holdings in Visa by 40.1% during the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor's stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.5 %

The firm has a market cap of $534.46 billion, a PE ratio of 30.13, a PEG ratio of 1.95 and a beta of 0.95. The business's 50 day moving average price is $281.47 and its 200 day moving average price is $273.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is currently 24.25%.

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.