Visa (NYSE:V) Receives Neutral Rating from Monness Crespi & Hardt

Monness Crespi & Hardt reaffirmed their neutral rating on shares of Visa (NYSE:V) in a research report sent to investors on Tuesday morning, Marketbeat reports.

A number of other research analysts also recently issued reports on V. BNP Paribas raised Visa from a neutral rating to an outperform rating and set a $325.00 price target on the stock in a report on Tuesday, September 3rd. The Goldman Sachs Group restated a buy rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Citigroup dropped their target price on Visa from $321.00 to $319.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded Visa from a hold rating to a buy rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada decreased their target price on Visa from $315.00 to $311.00 and set an outperform rating on the stock in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $310.22.

Visa Trading Up 1.3 %

NYSE:V opened at $275.17 on Tuesday. The firm has a market capitalization of $503.27 billion, a P/E ratio of 30.75, a PEG ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa has a one year low of $227.78 and a one year high of $293.07. The company’s 50-day simple moving average is $271.31 and its 200 day simple moving average is $273.35.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the previous year, the firm posted $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Visa will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visa

A number of institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. increased its position in shares of Visa by 72.5% during the second quarter. Centaurus Financial Inc. now owns 18,396 shares of the credit-card processor’s stock worth $4,829,000 after acquiring an additional 7,734 shares during the period. Anchor Investment Management LLC increased its holdings in Visa by 1.2% during the 2nd quarter. Anchor Investment Management LLC now owns 101,450 shares of the credit-card processor’s stock worth $26,627,000 after purchasing an additional 1,157 shares during the period. Heritage Wealth Management Inc. purchased a new position in shares of Visa during the second quarter valued at $721,000. Lazari Capital Management Inc. lifted its position in shares of Visa by 31.3% in the 2nd quarter. Lazari Capital Management Inc. now owns 5,536 shares of the credit-card processor’s stock worth $1,453,000 after purchasing an additional 1,319 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Visa during the second quarter valued at approximately $87,426,000. 82.15% of the stock is owned by institutional investors.

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.