Visa (NYSE:V) Shares Down 1.8% - Time to Sell?

Visa Inc. (NYSE:V - Get Free Report)'s share price fell 1.8% during trading on Friday . The company traded as low as $349.91 and last traded at $349.59. 1,345,172 shares changed hands during trading, a decline of 80% from the average session volume of 6,805,517 shares. The stock had previously closed at $355.88.

Analyst Ratings Changes

A number of research firms have recently commented on V. Barclays reissued an "overweight" rating on shares of Visa in a report on Friday, June 13th. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Macquarie dropped their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Oppenheimer increased their target price on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Visa Price Performance

The stock has a market capitalization of $641.58 billion, a P/E ratio of 34.95, a PEG ratio of 2.41 and a beta of 0.92. The business has a fifty day simple moving average of $356.93 and a 200-day simple moving average of $342.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

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, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 EPS. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa 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 completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

Hedge funds have recently bought and sold shares of the company. Keystone Global Partners LLC purchased a new position in Visa during the 1st quarter worth $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa in the 1st quarter worth about $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa in the 2nd quarter worth about $28,000. 1 North Wealth Services LLC purchased a new position in shares of Visa in the 1st quarter worth about $38,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Visa in the 4th quarter worth about $41,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

About Visa

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.