Visa (NYSE:V) Issues Earnings Results

Visa (NYSE:V - Get Free Report) announced its quarterly earnings data on Tuesday. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08, Zacks reports. Visa had a net margin of 54.27% and a return on equity of 54.79%.

Visa Price Performance

V stock traded up $3.95 during mid-day trading on Tuesday, hitting $341.46. 5,423,083 shares of the stock were exchanged, compared to its average volume of 7,197,071. The business has a fifty day moving average price of $338.07 and a 200 day moving average price of $323.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa has a 12 month low of $252.70 and a 12 month high of $366.54. The stock has a market capitalization of $634.36 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.33 and a beta of 0.94.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of several analyst reports. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $358.17.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Visa stock. Revolve Wealth Partners LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 68.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,811 shares of the credit-card processor's stock after acquiring an additional 4,817 shares during the quarter. Revolve Wealth Partners LLC's holdings in Visa were worth $3,733,000 at the end of the most recent reporting period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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