Visa Inc (NYSE:V) – Equities researchers at SunTrust Banks reduced their FY2020 earnings estimates for shares of Visa in a research report issued on Tuesday, July 23rd, according to Zacks Investment Research. SunTrust Banks analyst A. Jeffrey now forecasts that the credit-card processor will earn $6.35 per share for the year, down from their prior estimate of $6.38. SunTrust Banks currently has a “Buy” rating and a $205.00 target price on the stock.
V has been the subject of a number of other research reports. Citigroup set a $206.00 price objective on Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Guggenheim lifted their price objective on Visa from $178.00 to $190.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Robert W. Baird set a $196.00 price objective on Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group lifted their target price on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Oppenheimer lifted their target price on Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $195.46.
Shares of NYSE:V opened at $177.42 on Friday. The stock has a market capitalization of $357.63 billion, a P/E ratio of 34.52, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.62 and a current ratio of 1.69. Visa has a 52 week low of $121.60 and a 52 week high of $184.07. The firm has a fifty day simple moving average of $176.79.
Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio is presently 21.69%.
In other Visa news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in V. Oregon Public Employees Retirement Fund lifted its stake in shares of Visa by 11,319.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after acquiring an additional 85,811,983 shares in the last quarter. Lunia Capital LP lifted its stake in shares of Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after acquiring an additional 23,280,332 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Visa by 17,806.8% in the second quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock worth $334,695,000 after acquiring an additional 3,328,260 shares in the last quarter. FMR LLC increased its holdings in Visa by 1.9% in the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after buying an additional 1,731,813 shares during the last quarter. Finally, Swedbank increased its holdings in Visa by 26.3% in the fourth quarter. Swedbank now owns 4,890,752 shares of the credit-card processor’s stock valued at $640,395,000 after buying an additional 1,019,755 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.
About Visa
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.