Visa (V) Receives Daily Coverage Optimism Score of 0.07

News stories about Visa (NYSE:V) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Visa earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the credit-card processor an impact score of 44.4820245354788 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

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Shares of NYSE:V traded up $2.63 during trading on Friday, hitting $119.62. 12,918,073 shares of the company’s stock traded hands, compared to its average volume of 8,588,604. Visa has a 52 week low of $88.13 and a 52 week high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $246,481.45, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business posted $0.86 EPS. Visa’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts expect that Visa will post 4.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, February 15th. This is a boost from Visa’s previous quarterly dividend of $0.20. Visa’s payout ratio is 24.14%.

Visa declared that its board has authorized a stock buyback plan on Thursday, February 1st that allows the company to buyback $7.50 billion in outstanding shares. This buyback authorization allows the credit-card processor to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts recently commented on V shares. Susquehanna Bancshares lifted their price objective on Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Cowen reiterated a “buy” rating and issued a $129.00 price objective on shares of Visa in a research report on Friday, January 12th. Citigroup reiterated a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research report on Friday, January 12th. Stephens reiterated a “buy” rating and issued a $135.00 price objective on shares of Visa in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $141.00 target price on shares of Visa in a research report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $135.21.

In other Visa news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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