Visa (NYSE:V) Shares Down 0.9%

Visa Inc. (NYSE:V)’s share price was down 0.9% during trading on Wednesday . The stock traded as low as $277.70 and last traded at $278.12. Approximately 1,110,502 shares were traded during trading, a decline of 80% from the average daily volume of 5,577,244 shares. The stock had previously closed at $280.60.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho reissued a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday. Royal Bank of Canada raised their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company raised their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Raymond James increased their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, KeyCorp increased their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Visa Trading Down 0.1 %

The stock has a 50-day moving average price of $279.11 and a two-hundred day moving average price of $258.66. The stock has a market capitalization of $511.98 billion, a PE ratio of 32.08, a PEG ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is presently 23.94%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Visa

Several hedge funds have recently modified their holdings of V. Investment Advisory Services Inc. TX ADV grew its position in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. Camarda Financial Advisors LLC lifted its stake in shares of Visa by 3.0% in the 2nd quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after purchasing an additional 182 shares during the last quarter. Wayfinding Financial LLC boosted its holdings in shares of Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the period. Richelieu Gestion SA bought a new position in shares of Visa during the 4th quarter valued at approximately $307,000. Finally, Orion Portfolio Solutions LLC raised its holdings in Visa by 5,907.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock valued at $52,486,000 after buying an additional 217,333 shares during the period. 82.15% of the stock is owned by hedge funds and other 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.