Visa (NYSE:V) Trading Up 0.5% - Time to Buy?

Visa Inc. (NYSE:V - Get Free Report) was up 0.5% during trading on Tuesday . The stock traded as high as $339.22 and last traded at $339.13. Approximately 1,232,746 shares traded hands during trading, a decline of 83% from the average daily volume of 7,180,828 shares. The stock had previously closed at $337.51.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James restated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, UBS Group decreased their price target on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

The company has a 50 day moving average price of $337.69 and a 200 day moving average price of $324.10. 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 company has a market capitalization of $646.62 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's payout ratio is 23.79%.

Insider Activity

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 over the last three months. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Several hedge funds have recently modified their holdings of the company. Riverstone Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $217,000. Blue Rock Wealth Management LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $306,000. Journey Strategic Wealth LLC raised its holdings in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the period. King Wealth Management Group grew its holdings in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the period. Finally, Eagle Strategies LLC increased its position in Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after buying an additional 63 shares during the last quarter. 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.