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 Ratings Changes
Several equities analysts have recently weighed in on the stock. Cowen cut their target price on shares of Visa from $276.00 to $254.00 in a report on Wednesday, April 27th. Citigroup lowered their target price on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Wells Fargo & Company lowered their price target on shares of Visa from $280.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Morgan Stanley boosted their price objective on shares of Visa from $284.00 to $291.00 and gave the company an "overweight" rating in a report on Wednesday, July 27th. Finally, UBS Group boosted their price target on shares of Visa from $292.00 to $296.00 and gave the stock a "buy" rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.00.
Visa Stock Performance
NYSE:V opened at $216.42 on Tuesday. The firm has a market capitalization of $409.12 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.72 and a beta of 0.89. Visa has a 1-year low of $185.91 and a 1-year high of $236.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The business's 50-day simple moving average is $205.28 and its 200-day simple moving average is $210.60.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Visa's dividend payout ratio is currently 22.12%.
Insider Activity at Visa
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now owns 159,887 shares in the company, valued at $31,237,123.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 27,000 shares of company stock worth $5,560,740 in the last 90 days. 0.21% of the stock is currently owned by company insiders.