Visa (NYSE:V) Trading Down 2.2% - Should You Sell?

Key Points

• Visa shares experienced a decline of 2.2%, closing at $343.10 after reaching a low of $345.11, with trading volume significantly down by 84% from average levels.
• Several analysts raised their target prices for Visa, with Oppenheimer setting it at $391.00 and UBS increasing theirs to $415.00, reflecting a positive outlook on the stock.
• Visa's recent quarterly earnings showed a profit of $2.98 per share, exceeding analysts' expectations and marking a 14.3% increase in revenue year-over-year.

Shares of Visa Inc. (NYSE:V - Get Free Report) traded down 2.2% on Friday . The company traded as low as $345.11 and last traded at $343.10. 1,018,931 shares were traded during trading, a decline of 84% from the average session volume of 6,468,083 shares. The stock had previously closed at $350.99.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. UBS Group restated a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Visa Trading Down 2.3%

The business's 50 day moving average price is $348.63 and its two-hundred day moving average price is $347.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $628.67 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.34 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the company posted $2.42 EPS. The firm's quarterly revenue was up 14.3% 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 fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred 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 sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,293 shares of company stock worth $8,114,295. 0.13% of the stock is currently owned by insiders.

Institutional Trading of Visa

Hedge funds have recently bought and sold shares of the business. Keystone Global Partners LLC purchased a new position in shares of Visa during the first quarter valued at approximately $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa during the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa during the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the second quarter valued at approximately $29,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Visa during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.15% of the company's stock.

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.

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