Visa Inc. (NYSE:V – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 22,900,000 shares, a decline of 19.9% from the June 15th total of 28,580,000 shares. Based on an average trading volume of 8,140,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.5% of the shares of the stock are short sold.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Bank of America restated a “neutral” rating and issued a $297.00 target price (down previously from $305.00) on shares of Visa in a report on Wednesday. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. TD Cowen began coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. Piper Sandler began coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Finally, William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.44.
View Our Latest Analysis on Visa
Insiders Place Their Bets
Institutional Trading of Visa
Large investors have recently modified their holdings of the company. Nadler Financial Group Inc. raised its holdings in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares during the period. Towerpoint Wealth LLC bought a new position in shares of Visa in the fourth quarter worth about $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the 4th quarter valued at about $3,427,000. Richelieu Gestion SA bought a new position in shares of Visa during the 4th quarter valued at approximately $307,000. Finally, Cooper Financial Group increased its holdings in Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after acquiring an additional 476 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.
Visa Trading Up 1.2 %
Visa stock traded up $3.19 during trading hours on Friday, reaching $265.74. The stock had a trading volume of 6,627,767 shares, compared to its average volume of 9,662,722. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $486.02 billion, a PE ratio of 29.69, a PEG ratio of 1.85 and a beta of 0.95. Visa has a 52 week low of $227.68 and a 52 week high of $290.96. The company has a fifty day simple moving average of $272.82 and a 200-day simple moving average of $274.11.
Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for 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 company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $2.09 EPS. Analysts forecast that Visa will post 9.94 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.
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.
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