Visa (NYSE:V) Stock Price Down 1.4%

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on V shares. Barclays raised their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. UBS Group raised their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company raised their target price 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, Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Down 0.2 %

The firm has a market cap of $504.27 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $279.24 and a 200-day moving average price of $264.33.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. On average, equities analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alaethes Wealth LLC boosted its stake in Visa by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after purchasing an additional 37 shares in the last quarter. Jessup Wealth Management Inc boosted its stake 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 worth $1,410,000 after purchasing an additional 37 shares in the last quarter. Long Run Wealth Advisors LLC boosted its stake in 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 purchasing an additional 37 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its stake 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 worth $571,000 after purchasing an additional 38 shares in the last quarter. Finally, Aurora Private Wealth Inc. boosted its stake in Visa by 3.8% in the first quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock worth $289,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors 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.