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.
Visa Trading Up 1.1 %
Shares of NYSE:V traded up $2.40 during midday trading on Friday, reaching $215.87. The stock had a trading volume of 5,553,727 shares, compared to its average volume of 6,793,492. The firm has a market cap of $410.43 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89. Visa has a twelve month low of $185.91 and a twelve month high of $242.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The company's 50 day moving average price is $205.31 and its 200 day moving average price is $210.45.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 11th. Visa's dividend payout ratio is presently 22.12%.
Analyst Ratings Changes
A number of research firms have recently issued reports on V. Royal Bank of Canada cut their target price on shares of Visa from $278.00 to $262.00 in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Thursday, April 28th. Piper Sandler cut their target price on shares of Visa from $239.00 to $204.00 and set an "overweight" rating for the company in a research note on Wednesday, July 6th. Truist Financial cut their target price on shares of Visa from $275.00 to $250.00 in a research note on Thursday, June 30th. Finally, Morgan Stanley raised their target price on shares of Visa from $284.00 to $291.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.64.
Insider Buying and Selling
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Thursday, June 30th. The shares were 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 directly owns 159,887 shares of the company's stock, valued at $31,237,123.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 27,000 shares of company stock valued at $5,560,740 over the last ninety days. 0.21% of the stock is owned by corporate insiders.