Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
Analyst Upgrades and Downgrades
V has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Visa from $280.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 13th. Truist Financial decreased their target price on Visa from $275.00 to $250.00 in a research note on Thursday, June 30th. Mizuho dropped their price target on Visa from $235.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, July 1st. The Goldman Sachs Group assumed coverage on Visa in a report on Tuesday, May 17th. They set a "buy" rating and a $282.00 price target on the stock. Finally, Barclays boosted their target price on shares of Visa from $263.00 to $271.00 and gave the company an "overweight" rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $257.64.
Visa Price Performance
Shares of NYSE:V opened at $214.52 on Thursday. The company has a market capitalization of $405.53 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89. The company's 50-day moving average is $205.36 and its 200 day moving average is $210.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. Visa has a fifty-two week low of $185.91 and a fifty-two week high of $236.96.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 11th. Visa's dividend payout ratio is currently 22.12%.
Insider Transactions at Visa
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business's stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $195.37, for a total value of $1,758,330.00. Following the sale, the chief executive officer now directly owns 159,887 shares in the company, valued at $31,237,123.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 27,000 shares of company stock worth $5,560,740 in the last quarter. Insiders own 0.21% of the company's stock.