Visa (NYSE:V) Shares Up 0.6%

Visa Inc. (NYSE:V)’s stock price was up 0.6% during mid-day trading on Monday . The company traded as high as $268.40 and last traded at $267.07. Approximately 1,162,838 shares changed hands during trading, a decline of 83% from the average daily volume of 6,817,891 shares. The stock had previously closed at $265.46.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen cut their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI lowered their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $304.77.

Visa Price Performance

The firm has a 50 day moving average of $270.97 and a 200-day moving average of $274.39. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $464.73 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.87 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the business posted $2.16 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Visa in the 4th quarter valued at about $3,895,015,000. International Assets Investment Management LLC grew its stake in Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares in the last quarter. National Bank of Canada FI increased its holdings in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after purchasing an additional 4,099,122 shares during the period. Swedbank AB bought a new stake in Visa during the 1st quarter valued at $511,321,000. Finally, GQG Partners LLC lifted its holdings in shares of Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock worth $1,671,866,000 after buying an additional 1,715,686 shares during the period. Institutional investors own 82.15% of the company’s stock.

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.