Seaport Res Ptn Equities Analysts Boost Earnings Estimates for Visa Inc. (NYSE:V)

Visa Inc. (NYSE:V) – Stock analysts at Seaport Res Ptn lifted their Q4 2024 earnings per share estimates for shares of Visa in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the credit-card processor will post earnings of $2.64 per share for the quarter, up from their previous estimate of $2.63. The consensus estimate for Visa’s current full-year earnings is $9.89 per share.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $2.18 earnings per share.

V has been the subject of several other reports. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada boosted their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Price Performance

Shares of V stock traded up $1.34 during trading hours on Wednesday, reaching $272.69. The company’s stock had a trading volume of 5,827,328 shares, compared to its average volume of 5,800,602. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a market capitalization of $500.80 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.87 and a beta of 0.96. The firm’s 50 day simple moving average is $279.93 and its 200-day simple moving average is $262.49.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last three months. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Alaethes Wealth LLC boosted its holdings in Visa by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares during the period. Jessup Wealth Management Inc boosted its holdings in Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 37 shares during the period. Garden State Investment Advisory Services LLC boosted its holdings in Visa by 1.8% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after purchasing an additional 38 shares during the period. Holistic Financial Partners boosted its holdings in Visa by 2.0% in the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock valued at $514,000 after purchasing an additional 39 shares during the period. Finally, GoalVest Advisory LLC boosted its holdings in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.