Visa (NYSE:V) Trading 0.5% Higher

Visa Inc. (NYSE:V)’s stock price rose 0.5% during trading on Tuesday . The company traded as high as $264.87 and last traded at $264.49. Approximately 1,030,325 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 6,772,698 shares. The stock had previously closed at $263.24.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on V. Wedbush lifted 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. Macquarie upped their target price on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.56.

Visa Trading Up 0.2 %

The firm has a 50-day moving average price of $273.58 and a 200-day moving average price of $273.69. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $491.49 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was 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 directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently added to or reduced their stakes in the business. Rainsberger Wealth Advisors Inc. boosted its holdings in Visa by 3.3% during the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 4,231 shares of the credit-card processor’s stock valued at $973,000 after acquiring an additional 134 shares during the period. Industrial Alliance Investment Management Inc. raised its holdings in Visa by 2,712.4% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 5,006 shares of the credit-card processor’s stock worth $1,151,000 after purchasing an additional 4,828 shares in the last quarter. Cito Capital Group LLC lifted its position in shares of Visa by 0.8% in the 3rd quarter. Cito Capital Group LLC now owns 17,838 shares of the credit-card processor’s stock worth $4,103,000 after purchasing an additional 150 shares during the period. KB Financial Partners LLC boosted its stake in shares of Visa by 0.4% during the 3rd quarter. KB Financial Partners LLC now owns 12,887 shares of the credit-card processor’s stock valued at $2,964,000 after purchasing an additional 56 shares in the last quarter. Finally, Tenere Capital LLC lifted its holdings in Visa by 22.4% in the third quarter. Tenere Capital LLC now owns 56,167 shares of the credit-card processor’s stock worth $12,919,000 after buying an additional 10,280 shares during the period. 82.15% of the stock is currently owned by institutional investors.

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.