Visa (NYSE:V) PT Lowered to $300.00 at Jefferies Financial Group

Visa (NYSE:V) had its price objective lowered by Jefferies Financial Group from $325.00 to $300.00 in a research note released on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the credit-card processor’s stock.

A number of other brokerages have also recently issued reports on V. Morgan Stanley reduced their price objective on shares of Visa from $326.00 to $322.00 and set an overweight rating for the company in a research note on Wednesday. Evercore ISI lowered their price objective on Visa from $335.00 to $330.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Redburn Atlantic reiterated a neutral rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Mizuho increased their price objective on shares of Visa from $265.00 to $275.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Macquarie upped their target price on shares of Visa from $290.00 to $300.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of Moderate Buy and a consensus target price of $307.25.

Visa Trading Up 2.3 %

NYSE:V opened at $259.46 on Wednesday. Visa has a one year low of $227.78 and a one year high of $290.96. The business has a fifty day moving average price of $270.03 and a 200-day moving average price of $274.23. The firm has a market capitalization of $474.54 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.40.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 earnings per share. Sell-side analysts forecast that Visa will post 9.94 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.80%. Visa’s dividend payout ratio is 23.24%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently added to or reduced their stakes in V. Alaethes Wealth LLC boosted its holdings in Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after acquiring an additional 37 shares during the period. Jessup Wealth Management Inc grew its position in shares of Visa by 0.7% during the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after buying an additional 37 shares in the last quarter. Long Run Wealth Advisors LLC increased its stake in shares of Visa by 2.5% in the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock worth $424,000 after buying an additional 37 shares during the last quarter. Cordatus Wealth Management LLC raised its holdings in Visa by 0.3% in the first quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock valued at $3,012,000 after acquiring an additional 37 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its stake in Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after acquiring an additional 38 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

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.