News articles about Visa (NYSE:V) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Visa earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the credit-card processor an impact score of 44.6751506197966 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- Liberty All-Star® Equity Fund February 2018 Update (prweb.com)
- Tony Abbott backs Peter Dutton’s call for visas for white South African farmers – The Guardian (theguardian.com)
- H-1B: BART stations, trains carrying ads attacking visa – The Mercury News (mercurynews.com)
- VISA CFO is Not a Big Fan of Cryptocurrencies | CryptoSlate – CryptoSlate (cryptoslate.com)
- EB-5 visa: Why is it getting more popular than the H-1B? – Study International News (studyinternational.com)
V has been the subject of a number of analyst reports. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Credit Suisse Group set a $129.00 price target on Visa and gave the stock a “buy” rating in a research note on Monday, January 8th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a research report on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $141.00 target price on shares of Visa in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a “buy” rating and issued a $129.00 target price on shares of Visa in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. Visa presently has an average rating of “Buy” and an average target price of $134.14.
Visa (NYSE:V) last posted its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Visa will post 4.38 earnings per share for the current fiscal year.
Visa declared that its board has approved a share repurchase program on Thursday, February 1st that allows the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization allows the credit-card processor to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were paid a $0.21 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is presently 27.91%.
In related news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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