Visa (NYSE:V) Shares Down 1.4%

Visa Inc. (NYSE:V) traded down 1.4% during trading on Thursday . The company traded as low as $270.49 and last traded at $271.10. 1,436,882 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 5,856,003 shares. The stock had previously closed at $275.02.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on V shares. KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Performance

The stock has a market capitalization of $505.33 billion, a PE ratio of 30.80, a PEG ratio of 1.89 and a beta of 0.96. The business’s 50 day moving average is $279.44 and its 200 day moving average is $263.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.72% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the firm earned $2.09 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were 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 owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s 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 transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last three months. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Large investors have recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC raised its holdings in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after buying an additional 536 shares during the period. Buttonwood Financial Advisors Inc. boosted its holdings in Visa by 6.0% during the 3rd quarter. Buttonwood Financial Advisors Inc. now owns 16,590 shares of the credit-card processor’s stock valued at $3,816,000 after acquiring an additional 933 shares during the period. Trust Co. of Oklahoma increased its stake in Visa by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 31,365 shares of the credit-card processor’s stock worth $7,214,000 after purchasing an additional 453 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in shares of Visa by 1.6% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 5,370 shares of the credit-card processor’s stock worth $1,235,000 after purchasing an additional 86 shares in the last quarter. Finally, Naples Global Advisors LLC increased its stake in Visa by 29.8% during the 3rd quarter. Naples Global Advisors LLC now owns 6,747 shares of the credit-card processor’s stock worth $1,552,000 after buying an additional 1,550 shares during the period. 82.15% of the stock is currently owned by hedge funds and other 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.