Visa (NYSE:V) Trading 0.1% Higher

Shares of Visa Inc. (NYSE:V) traded up 0.1% during trading on Friday . The stock traded as high as $275.24 and last traded at $274.47. 718,732 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 6,285,758 shares. The stock had previously closed at $274.23.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. UBS Group increased their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Citigroup upped their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Macquarie upped their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Trading Down 0.1 %

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $276.88 and its two-hundred day simple moving average is $269.49. The company has a market cap of $500.86 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share 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 company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Activity

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. 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 ninety days. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Visa

A number of institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Visa in the third quarter valued at $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in shares of Visa during the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the fourth quarter valued at $32,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at $33,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.