Visa (NYSE:V) Stock Price Up 0% - Here's What Happened

Visa Inc. (NYSE:V - Get Free Report)'s share price traded up 0% during trading on Friday . The company traded as high as $353.80 and last traded at $351.44. 759,165 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 7,174,468 shares. The stock had previously closed at $351.27.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Macquarie lowered their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $362.38.

Visa Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock's 50-day moving average price is $336.98 and its 200-day moving average price is $327.02. The company has a market cap of $655.70 billion, a P/E ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $9,377,671.52. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new position in Visa during the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter valued at $27,000. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter worth approximately $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at about $32,000. 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.