Visa (NYSE:V) Stock Price Down 1% – What’s Next?

Visa Inc. (NYSE:V) was down 1% during trading on Thursday . The stock traded as low as $352.28 and last traded at $351.73. Approximately 862,517 shares were traded during trading, a decline of 85% from the average daily volume of 5,569,161 shares. The stock had previously closed at $355.23.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. Keefe, Bruyette & Woods increased their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Oppenheimer upped their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Bank of America lifted their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $355.31.

Visa Price Performance

The company’s 50-day moving average is $329.14 and its 200-day moving average is $302.03. The firm has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in V. Riverstone Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth $217,000. Custom Index Systems LLC acquired a new position in Visa during the 3rd quarter worth about $731,000. Journey Strategic Wealth LLC grew its position in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at about $616,000. Finally, Calamos Wealth Management LLC raised its position in shares of Visa by 0.6% during the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after acquiring an additional 435 shares during the last quarter. Institutional investors 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.