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.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on V. Daiwa Capital Markets cut shares of Visa from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $230.00 to $225.00 in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Tuesday, May 17th. They set a "buy" rating and a $282.00 price objective on the stock. Mizuho cut their price objective on shares of Visa from $235.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, July 1st. Cowen cut their price objective on shares of Visa from $276.00 to $254.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 27th. Finally, Credit Suisse Group boosted their price objective on shares of Visa from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $257.64.
Visa Stock Performance
V Stock opened at $217.14 on Wednesday. The firm has a market cap of $410.48 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 1.72 and a beta of 0.89. The firm has a 50-day simple moving average of $205.34 and a two-hundred day simple moving average of $210.64. Visa has a one year low of $185.91 and a one year high of $236.96. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 22.12%.
Insider Activity
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company's stock in a transaction dated 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 owns 159,887 shares in the company, valued at $31,237,123.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 27,000 shares of company stock worth $5,560,740 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.