Visa (NYSE:V) Sets New 12-Month High at $290.00

Visa Inc. (NYSE:VGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $290.00 and last traded at $288.92, with a volume of 300157 shares trading hands. The stock had previously closed at $289.28.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on V shares. Mizuho lifted their price objective on Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Raymond James lifted their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada lifted their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, UBS Group lifted their target price on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $293.30.

View Our Latest Stock Report on V

Visa Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50 day moving average of $277.82 and a 200 day moving average of $257.62. The firm has a market capitalization of $520.80 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.00 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Dividend Announcement

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 0.73%. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s 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. Over the last ninety days, insiders sold 47,311 shares of company stock valued at $12,832,129. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Institutional investors have recently modified their holdings of the company. BCK Partners Inc. bought a new stake in Visa during the first quarter worth about $2,717,000. Markel Corp raised its holdings in Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new stake in Visa during the first quarter worth about $2,323,000. Ergoteles LLC bought a new stake in Visa in the first quarter valued at approximately $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the first quarter valued at approximately $1,496,000. 81.35% of the stock is currently owned by institutional investors.

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.

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