Visa (NYSE:V) Shares Up 0.2%

by · The Markets Daily

Visa Inc. (NYSE:V – Get Free Report) was up 0.2% during trading on Wednesday . The stock traded as high as $280.48 and last traded at $278.97. Approximately 753,604 shares traded hands during trading, a decline of 87% from the average daily volume of 5,583,849 shares. The stock had previously closed at $278.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on V shares. Keefe, Bruyette & Woods boosted their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt started coverage on Visa in a report on Wednesday, December 20th. They set a “neutral” rating for the company. Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, UBS Group boosted their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $295.82.

Read Our Latest Research Report on V

Visa Stock Performance

The company has a market capitalization of $509.08 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 1.92 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. The business has a 50 day moving average of $279.77 and a 200-day moving average of $259.70.

Visa (NYSE:V – Get Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 EPS. On average, sell-side analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced 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 was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.94%.

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated 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. In the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Visa

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alaethes Wealth LLC boosted its holdings in shares of Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after buying an additional 37 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its holdings in shares of Visa by 1.8% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after buying an additional 38 shares in the last quarter. Holistic Financial Partners boosted its holdings in shares of Visa by 2.0% in the 4th quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock valued at $514,000 after buying an additional 39 shares in the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares in the last quarter. Finally, Destiny Wealth Partners LLC boosted its holdings in shares of Visa by 2.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Company Profile

(Get Free Report)

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.

Read More