Visa Inc. (NYSE:V - Get Free Report) shares rose 1.7% during mid-day trading on Friday . The stock traded as high as $351.20 and last traded at $349.68. Approximately 1,466,740 shares traded hands during trading, a decline of 78% from the average daily volume of 6,543,887 shares. The stock had previously closed at $343.69.
Analyst Upgrades and Downgrades
V has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 target price on the stock. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Barclays restated an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Finally, UBS Group restated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.
Check Out Our Latest Analysis on Visa
Visa Trading Up 1.6%
The stock has a fifty day moving average of $347.99 and a 200-day moving average of $347.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $640.23 billion, a PE ratio of 34.11, a PEG ratio of 2.29 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the previous year, the business earned $2.42 EPS. Visa's revenue was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's payout ratio is presently 23.05%.
Insider Transactions at Visa
In other news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,127 shares of company stock valued at $28,340,553. Corporate insiders own 0.13% of the company's stock.
Institutional Trading of Visa
Large investors have recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in shares of Visa in the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa in the second quarter valued at $28,000. von Borstel & Associates Inc. purchased a new stake in Visa in the first quarter valued at $27,000. Harbor Asset Planning Inc. purchased a new stake in Visa in the second quarter valued at $29,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Visa in the second quarter valued at $31,000. Hedge funds and other institutional investors own 82.15% of the company's stock.
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.
See Also
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