Visa (NYSE:V) Stock Price Up 0.3%

Visa Inc. (NYSE:V) traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as $274.13 and last traded at $272.14. 976,914 shares were traded during mid-day trading, a decline of 83% from the average session volume of 5,699,433 shares. The stock had previously closed at $271.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp increased their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. UBS Group lifted their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada raised their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $296.87.

Visa Stock Up 0.7 %

The firm has a market capitalization of $501.73 billion, a P/E ratio of 31.32, a PEG ratio of 1.91 and a beta of 0.96. The firm’s 50 day moving average is $280.04 and its two-hundred day moving average is $262.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the firm posted $2.18 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Visa 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 transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the third quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa in the third quarter valued at $25,000. Livelsberger Financial Advisory purchased a new stake in Visa in the 4th quarter worth about $25,000. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter worth about $25,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. 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.