Visa (NYSE:V) Stock Price Down 0.3%

Visa Inc. (NYSE:VGet Free Report) shares fell 0.3% on Wednesday . The company traded as low as $268.26 and last traded at $270.10. 1,185,821 shares were traded during mid-day trading, a decline of 81% from the average session volume of 6,269,501 shares. The stock had previously closed at $270.98.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. Oppenheimer upped their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. 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. Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Read Our Latest Report on Visa

Visa Trading Down 0.1 %

The company has a fifty day simple moving average of $276.16 and a 200-day simple moving average of $270.48. The stock has a market cap of $494.98 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.88 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the business posted $2.09 EPS. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced 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 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Buying and Selling at Visa

In related 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 transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visa

Large investors have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new stake in Visa in the third quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new position in shares of Visa in the fourth quarter worth approximately $25,000. Westend Capital Management LLC bought a new stake in shares of Visa during the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $33,000. 82.15% of the stock is owned by institutional investors.

About Visa

(Get Free Report)

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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