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 0.3 %
NYSE:V opened at $215.25 on Friday. Visa has a 12 month low of $185.91 and a 12 month high of $236.96. The stock has a market cap of $406.91 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.76 and a beta of 0.89. The stock's fifty day moving average price is $205.54 and its 200-day moving average price is $210.59. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63.
Visa Dividend Announcement
The firm 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 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio (DPR) is presently 22.12%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on V. Susquehanna Bancshares cut their price target on Visa from $290.00 to $260.00 in a report on Thursday, July 28th. Mizuho cut their price target on Visa from $235.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, July 1st. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Thursday, April 28th. UBS Group increased their price objective on Visa from $292.00 to $296.00 and gave the stock a "buy" rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley increased their price objective on Visa from $284.00 to $291.00 and gave the stock an "overweight" rating in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.64.
Insider Activity at Visa
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm's stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 27,000 shares of company stock valued at $5,560,740 over the last ninety days. Insiders own 0.21% of the company's stock.