Visa (NYSE:V) Shares Down 0.1% on Analyst Downgrade

Visa Inc. (NYSE:V) shares traded down 0.1% during trading on Wednesday after Evercore ISI lowered their price target on the stock from $335.00 to $330.00. Evercore ISI currently has an outperform rating on the stock. Visa traded as low as $271.75 and last traded at $273.25. 1,403,574 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 6,631,442 shares. The stock had previously closed at $273.53.

A number of other research analysts have also commented on the stock. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Mizuho increased their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. TD Cowen started coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. In the last three months, insiders sold 34,402 shares of company stock valued at $9,559,382. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several hedge funds and other institutional investors have recently bought and sold shares of V. Livelsberger Financial Advisory acquired a new stake in shares of Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC bought a new stake in Visa in the first quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the fourth quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa in the 4th quarter worth about $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in Visa in the 4th quarter valued at about $37,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $487.63 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. The business’s 50 day simple moving average is $274.13 and its 200-day simple moving average is $273.41.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. Research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is 23.24%.

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.