Visa (NYSE:V) Stock Price Up 0.6%

Shares of Visa Inc. (NYSE:V - Get Free Report) shot up 0.6% during trading on Tuesday . The stock traded as high as $274.47 and last traded at $274.10. 1,212,860 shares were traded during trading, a decline of 79% from the average session volume of 5,807,213 shares. The stock had previously closed at $272.33.

Analyst Ratings Changes

Several brokerages have recently commented on V. KeyCorp raised their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, January 8th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, March 6th. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Mizuho reissued a "neutral" rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, UBS Group lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average price target of $298.43.

Visa Stock Up 0.7 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $503.63 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The stock has a fifty day simple moving average of $279.49 and a two-hundred day simple moving average of $263.90.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during 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 quarter in the previous year, the firm earned $2.18 EPS. As a group, sell-side analysts expect that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa's payout ratio is 23.94%.

Insider Transactions at Visa

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 transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now 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 can be accessed through the SEC website. 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Visa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Milestone Asset Management LLC lifted its position in Visa by 20.5% in the first quarter. Milestone Asset Management LLC now owns 2,738 shares of the credit-card processor's stock valued at $764,000 after purchasing an additional 466 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Visa by 4.3% during the first quarter. Global Retirement Partners LLC now owns 30,188 shares of the credit-card processor's stock valued at $8,425,000 after acquiring an additional 1,232 shares in the last quarter. Mason & Associates Inc raised its holdings in shares of Visa by 6.9% during the first quarter. Mason & Associates Inc now owns 2,337 shares of the credit-card processor's stock valued at $652,000 after acquiring an additional 151 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in shares of Visa by 14.5% during the first quarter. Cookson Peirce & Co. Inc. now owns 99,231 shares of the credit-card processor's stock valued at $27,694,000 after acquiring an additional 12,575 shares in the last quarter. Finally, Covenant Asset Management LLC raised its holdings in shares of Visa by 1.4% during the first quarter. Covenant Asset Management LLC now owns 6,719 shares of the credit-card processor's stock valued at $1,875,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

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.