Visa (NYSE:V) Trading Up 1.6%

Visa Inc. (NYSE:V) shares were up 1.6% on Thursday . The company traded as high as $273.59 and last traded at $273.52. Approximately 1,074,425 shares traded hands during trading, a decline of 85% from the average daily volume of 7,112,159 shares. The stock had previously closed at $269.19.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. Royal Bank of Canada lowered their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Piper Sandler decreased their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Bank of America reissued a “neutral” rating and set a $297.00 price objective (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $308.50.

Visa Trading Up 0.7 %

The stock has a market cap of $505.46 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50 day simple moving average is $265.67 and its two-hundred day simple moving average is $273.12.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 EPS. Research analysts expect that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Institutional Investors Weigh In On Visa

A number of hedge funds have recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its stake in Visa by 1,215.7% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit-card processor’s stock valued at $43,943,000 after buying an additional 155,957 shares in the last quarter. Brio Consultants LLC raised its holdings in shares of Visa by 39.1% in the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after purchasing an additional 437 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Visa by 2.9% in the fourth quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock valued at $1,466,000 after purchasing an additional 158 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Visa by 0.8% during the fourth quarter. First Horizon Advisors Inc. now owns 19,526 shares of the credit-card processor’s stock worth $5,084,000 after buying an additional 164 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Visa by 8.2% during the fourth quarter. Benjamin Edwards Inc. now owns 3,374 shares of the credit-card processor’s stock worth $879,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.