Visa (NYSE:V) Shares Down 0.7% – Time to Sell?

Visa Inc. (NYSE:V)’s stock price dropped 0.7% during mid-day trading on Friday . The stock traded as low as $318.66 and last traded at $318.74. Approximately 744,706 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 6,928,010 shares. The stock had previously closed at $320.91.

Wall Street Analyst Weigh In

V has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Compass Point initiated coverage on Visa in a research report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Finally, Piper Sandler upped their price target on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.41.

Visa Price Performance

The company has a market capitalization of $593.62 billion, a PE ratio of 32.75, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $306.60 and a 200-day simple moving average of $284.13.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. Visa’s payout ratio is 24.25%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Americana Partners LLC grew its position in Visa by 6.8% in the 2nd quarter. Americana Partners LLC now owns 36,807 shares of the credit-card processor’s stock valued at $9,661,000 after buying an additional 2,346 shares during the last quarter. Birch Hill Investment Advisors LLC increased its stake in shares of Visa by 97.1% during the second quarter. Birch Hill Investment Advisors LLC now owns 4,832 shares of the credit-card processor’s stock worth $1,268,000 after acquiring an additional 2,380 shares during the period. TrinityPoint Wealth LLC raised its holdings in Visa by 0.8% during the second quarter. TrinityPoint Wealth LLC now owns 12,654 shares of the credit-card processor’s stock worth $3,321,000 after purchasing an additional 96 shares in the last quarter. Abacus Planning Group Inc. lifted its position in Visa by 7.7% in the second quarter. Abacus Planning Group Inc. now owns 1,169 shares of the credit-card processor’s stock valued at $307,000 after purchasing an additional 84 shares during the period. Finally, Sabal Trust CO boosted its holdings in Visa by 0.5% in the 2nd quarter. Sabal Trust CO now owns 18,069 shares of the credit-card processor’s stock valued at $4,743,000 after purchasing an additional 89 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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.