Visa (NYSE:V) Rating Reiterated by William Blair

William Blair reiterated their outperform rating on shares of Visa (NYSE:V) in a research note released on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for Visa’s Q3 2024 earnings at $2.39 EPS, FY2024 earnings at $9.92 EPS, Q1 2025 earnings at $2.71 EPS and Q2 2025 earnings at $2.66 EPS.

Several other equities analysts have also recently commented on V. Susquehanna boosted their target price on Visa from $300.00 to $326.00 and gave the stock a positive rating in a research report on Friday, January 26th. Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the stock a buy rating in a research report on Wednesday. Redburn Atlantic reaffirmed a neutral rating and set a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Wedbush lifted their price target on Visa from $280.00 to $300.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the stock an overweight rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $302.58.

Visa Price Performance

Visa stock opened at $274.58 on Wednesday. Visa has a 52 week low of $216.14 and a 52 week high of $290.96. The business has a 50-day simple moving average of $279.24 and a 200 day simple moving average of $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $504.27 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that Visa will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in V. Norges Bank bought a new position in shares of Visa in the 4th quarter worth approximately $3,895,015,000. International Assets Investment Management LLC raised its position in shares of Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after acquiring an additional 4,710,188 shares in the last quarter. FMR LLC raised its position in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after acquiring an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Visa during the 3rd quarter valued at approximately $358,349,000. Finally, Public Employees Retirement Association of Colorado increased its position in Visa by 14,306.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after buying an additional 1,489,856 shares in the last quarter. 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.