Visa (NYSE:V) Shares Down 0.4%

Visa Inc. (NYSE:V) shares dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $272.18 and last traded at $273.43. Approximately 936,505 shares traded hands during trading, a decline of 83% from the average daily volume of 5,550,636 shares. The stock had previously closed at $274.48.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Barclays raised their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $296.87.

Visa Trading Up 0.1 %

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 firm has a market cap of $506.80 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The stock has a fifty day simple moving average of $280.13 and a 200 day simple moving average of $261.47.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. Visa’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, insider Rajat Taneja sold 36,546 shares of the business’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 sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,511 shares of company stock valued at $15,131,081. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new position in shares of Visa during the first quarter valued at approximately $25,000. Livelsberger Financial Advisory bought a new position in Visa in the fourth quarter worth approximately $25,000. Hibernia Wealth Partners LLC bought a new position in Visa in the third quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa in the third quarter worth approximately $25,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa in the fourth quarter worth approximately $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.