Visa (NYSE:V) Trading Up 2.5%

Visa Inc. (NYSE:V) shares rose 2.5% during mid-day trading on Friday . The company traded as high as $260.68 and last traded at $260.02. Approximately 1,756,935 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 6,876,522 shares. The stock had previously closed at $253.74.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. UBS Group increased their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Piper Sandler dropped their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, William Blair raised Visa to a “strong-buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $304.77.

Visa Stock Up 2.5 %

The firm has a market capitalization of $475.82 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.95. The firm has a fifty day moving average price of $270.45 and a 200 day moving average price of $274.25. The company has a current ratio of 1.37, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the company posted $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visa

Several institutional investors have recently modified their holdings of the business. Livelsberger Financial Advisory bought a new stake in shares of Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC bought a new stake in Visa in the first quarter valued at about $25,000. POM Investment Strategies LLC lifted its stake in Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 97 shares during the period. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 4th quarter worth about $32,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.