Shares of Visa Inc. (NYSE:V - Get Free Report) were up 1% during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $395.00 to $405.00. UBS Group currently has a buy rating on the stock. Visa traded as high as $358.25 and last traded at $357.22. Approximately 1,155,657 shares changed hands during trading, a decline of 83% from the average daily volume of 7,003,408 shares. The stock had previously closed at $353.54.
Other equities analysts also recently issued reports about the company. Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $366.13.
View Our Latest Stock Analysis on V
Insider Transactions at Visa
In related news, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
Institutional Trading of Visa
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Visa by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock worth $56,452,949,000 after buying an additional 1,677,088 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Capital International Investors boosted its position in shares of Visa by 3.8% during the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after purchasing an additional 866,596 shares during the period. Capital World Investors boosted its position in shares of Visa by 1.0% during the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after purchasing an additional 241,057 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Visa by 4.0% during the 1st quarter. Northern Trust Corp now owns 18,987,013 shares of the credit-card processor's stock worth $6,654,189,000 after purchasing an additional 726,299 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.
Visa Price Performance
The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $674.28 billion, a PE ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96. The stock's 50-day moving average is $343.40 and its two-hundred day moving average is $333.54.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio (DPR) is currently 23.72%.
About Visa
(
Get Free Report)
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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