Visa (NYSE:V) had its target price raised by Raymond James from $204.00 to $217.00 in a research report released on Wednesday, BenzingaRatingsTable reports. They currently have an outperform rating on the credit-card processor’s stock.

A number of other brokerages have also issued reports on V. SunTrust Banks upped their target price on shares of Visa from $200.00 to $220.00 and gave the company a buy rating in a research note on Tuesday, June 2nd. Jefferies Financial Group lowered shares of Visa from a buy rating to a hold rating and cut their target price for the company from $190.00 to $180.00 in a research note on Wednesday, April 15th. Daiwa Capital Markets restated a neutral rating and issued a $204.00 target price on shares of Visa in a research note on Tuesday, July 21st. Cowen upped their target price on shares of Visa from $189.00 to $196.00 and gave the company an outperform rating in a research note on Wednesday, May 20th. Finally, UBS Group cut their target price on shares of Visa from $190.00 to $188.00 and set a neutral rating on the stock in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $207.56.

Shares of V stock opened at $190.40 on Wednesday. The firm has a market capitalization of $377.15 billion, a P/E ratio of 36.07, a P/E/G ratio of 3.09 and a beta of 0.92. The company’s fifty day moving average price is $194.04 and its two-hundred day moving average price is $187.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.25. Visa has a 12 month low of $133.93 and a 12 month high of $214.17.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. On average, sell-side analysts anticipate that Visa will post 4.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, August 13th. Visa’s dividend payout ratio (DPR) is 22.06%.

In other news, insider Rajat Taneja sold 3,279 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $202.02, for a total value of $662,423.58. Following the completion of the transaction, the insider now directly owns 221,282 shares in the company, valued at $44,703,389.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $191.49, for a total transaction of $1,340,430.00. Following the completion of the transaction, the chief executive officer now owns 133,090 shares of the company’s stock, valued at $25,485,404.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,429 shares of company stock valued at $9,746,754. 0.19% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC lifted its stake in Visa by 2.9% during the first quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock valued at $880,000 after purchasing an additional 161 shares during the last quarter. Private Portfolio Partners LLC lifted its stake in Visa by 6.4% during the first quarter. Private Portfolio Partners LLC now owns 3,881 shares of the credit-card processor’s stock valued at $625,000 after purchasing an additional 233 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Visa by 65.3% during the first quarter. Cutter & CO Brokerage Inc. now owns 6,392 shares of the credit-card processor’s stock valued at $1,084,000 after purchasing an additional 2,525 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Visa by 23.2% during the first quarter. Summit Trail Advisors LLC now owns 4,150 shares of the credit-card processor’s stock valued at $669,000 after purchasing an additional 782 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Visa by 5.0% during the second quarter. Whittier Trust Co. now owns 429,246 shares of the credit-card processor’s stock valued at $82,917,000 after purchasing an additional 20,413 shares during the last quarter. 81.41% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Analyst Recommendations for Visa (NYSE:V)

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