Visa Inc. (NYSE:V – Get a rating) – Oppenheimer equity research analysts cut their second-quarter 2022 EPS estimates for Visa in a research note released Monday, April 11. Oppenheimer analyst D. Gabriele now expects the credit card processor to post earnings of $1.64 per share for the quarter, down from its previous forecast of $1.65.

Visa (NYSE:V – Get a rating) last reported its quarterly earnings data on Thursday, Jan. 27. The credit card processor reported earnings per share (EPS) of $1.81 for the quarter, beating the consensus estimate of $1.69 by $0.12. The company posted revenue of $7.06 billion in the quarter, compared to $6.79 billion expected by analysts. Visa had a return on equity of 40.11% and a net margin of 51.59%. The company’s quarterly revenue increased by 24.1% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $1.42.

Several other stock analysts have also recently released reports on V. Barclays cut its price target on Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a research note from the Monday april 4th. Raymond James raised its target price on Visa from $265.00 to $281.00 and gave the stock an “outperform” rating in a Friday, Jan. 28 research note. Mizuho downgraded Visa from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $255.00 to $220.00 in a Friday, Jan. 7 research note. The Erste Group raised Visa to a “buy” rating in a Wednesday, February 9, research note. Finally, BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a target price of $210.00 for the company. in a Monday, January 10, research note. Six analysts gave the stock a hold rating and twenty gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of $267.33.

Shares of V opened at $213.27 on Wednesday. The stock has a 50-day simple moving average of $216.61 and a 200-day simple moving average of $215.98. The company has a debt ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $408.25 billion, a PE ratio of 35.31, a PEG ratio of 1.84 and a beta of 0.92. Visa has a 1 year minimum of $186.67 and a 1 year maximum of $252.67.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Friday, February 11 received a dividend of $0.375. This represents a dividend of $1.50 on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, February 10. Visa’s payout ratio is currently 24.83%.

Separately, CAO James H. Hoffmeister sold 1,737 shares of the company in a trade on Tuesday, February 1. The stock was sold at an average price of $231.49, for a total transaction of $402,098.13. The sale was disclosed in an SEC filing, available at this link. Also, the president ryan mcineney sold 6,466 shares of the company in a transaction on Tuesday, February 8. The stock was sold at an average price of $226.11, for a total value of $1,462,027.26. Disclosure of this sale can be found here. Over the past three months, insiders have sold 49,250 shares of the company worth $10,951,267. Company insiders own 0.21% of the company’s shares.

A number of hedge funds have recently changed their positions in V. Norges Bank acquired a new position in Visa during the fourth quarter worth $2,740,577,000. TCI Fund Management Ltd. increased its holdings in Visa by 41.8% in the third quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit card processor valued at $4,441,482,000 after purchasing an additional 5,881,421 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in Visa in the fourth quarter valued at $1,047,495,000. Nordea Investment Management AB increased its holdings in Visa by 113.1% in the third quarter. Nordea Investment Management AB now owns 7,068,318 shares of the credit card processor valued at $1,603,166,000 after buying an additional 3,751,620 shares in the last quarter. Finally, GQG Partners LLC increased its stake in Visa by 46.2% in the fourth quarter. GQG Partners LLC now owns 11,289,146 shares of the credit card processor valued at $2,446,122,000 after buying an additional 3,567,771 shares in the last quarter. 81.28% of the shares are currently held by hedge funds and other institutional investors.

Visa Company Profile (Get a rating)

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information between the global network of consumers, merchants, financial institutions, businesses, strategic partners and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions and global automated teller machines (ATMs).

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