Visa (NYSE:V) Stock Price Up 0.4% - What's Next?

Shares of Visa Inc. (NYSE:V - Get Free Report) traded up 0.4% on Tuesday . The stock traded as high as $358.87 and last traded at $356.67. 931,414 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 7,148,256 shares. The stock had previously closed at $355.26.

Analysts Set New Price Targets

V has been the topic of several recent research reports. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Raymond James reissued an "outperform" rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

The company has a market capitalization of $673.95 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The firm has a 50 day moving average price of $337.51 and a two-hundred day moving average price of $328.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visa

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Decker Retirement Planning Inc. bought a new position in shares of Visa during the 4th quarter valued at approximately $26,000. Keystone Global Partners LLC purchased a new position in Visa in the 1st quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the 4th quarter worth $27,000. von Borstel & Associates Inc. bought a new stake in Visa in the 1st quarter worth $27,000. Finally, POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds 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.