Visa (NYSE:V) Trading Down 0.5%

Shares of Visa Inc. (NYSE:V) traded down 0.5% during trading on Tuesday . The company traded as low as $268.59 and last traded at $270.50. 1,151,844 shares traded hands during trading, a decline of 80% from the average session volume of 5,870,935 shares. The stock had previously closed at $271.84.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wedbush boosted their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Raymond James boosted their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, TD Cowen assumed coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Trading Down 0.7 %

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 business’s 50 day moving average price is $279.11 and its 200-day moving average price is $264.97. The firm has a market capitalization of $495.88 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the business posted $2.09 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s payout ratio is currently 23.24%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently modified their holdings of the company. Trifecta Capital Advisors LLC raised its stake in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the period. Jmac Enterprises LLC raised its stake in Visa by 20.5% during the third quarter. Jmac Enterprises LLC now owns 2,188 shares of the credit-card processor’s stock worth $503,000 after purchasing an additional 372 shares during the period. Roof Eidam Maycock Peralta LLC raised its stake in Visa by 0.7% during the third quarter. Roof Eidam Maycock Peralta LLC now owns 9,533 shares of the credit-card processor’s stock worth $2,193,000 after purchasing an additional 65 shares during the period. Riversedge Advisors LLC raised its stake in shares of Visa by 48.5% in the 3rd quarter. Riversedge Advisors LLC now owns 2,130 shares of the credit-card processor’s stock valued at $490,000 after acquiring an additional 696 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Visa by 8.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,852 shares of the credit-card processor’s stock valued at $2,266,000 after acquiring an additional 751 shares during the period. Hedge funds and other 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.