Visa (NYSE:V) Trading Up 0%

Visa Inc. (NYSE:V) was up 0% during mid-day trading on Friday . The stock traded as high as $276.77 and last traded at $275.20. Approximately 949,246 shares traded hands during trading, a decline of 84% from the average daily volume of 5,877,074 shares. The stock had previously closed at $275.16.

Analyst Ratings Changes

Several equities research analysts recently issued reports on V shares. Mizuho reiterated a “neutral” rating and issued a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp boosted their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Macquarie raised their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Down 0.2 %

The company has a fifty day moving average price of $279.24 and a 200 day moving average price of $264.52. The company has a market cap of $504.16 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the business posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders have sold a total of 19,874 shares of company stock worth $5,506,827 in the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in V. Riverwater Partners LLC increased its holdings in shares of Visa by 12.0% in the first quarter. Riverwater Partners LLC now owns 3,388 shares of the credit-card processor’s stock valued at $946,000 after purchasing an additional 364 shares during the period. Weatherly Asset Management L. P. boosted its position in Visa by 1.8% in the first quarter. Weatherly Asset Management L. P. now owns 50,213 shares of the credit-card processor’s stock valued at $14,013,000 after buying an additional 909 shares during the last quarter. James Hambro & Partners increased its holdings in Visa by 2.0% in the 1st quarter. James Hambro & Partners now owns 437,968 shares of the credit-card processor’s stock worth $122,067,000 after buying an additional 8,392 shares during the period. Nadler Financial Group Inc. raised its position in Visa by 3.8% during the 1st quarter. Nadler Financial Group Inc. now owns 1,972 shares of the credit-card processor’s stock worth $550,000 after buying an additional 72 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its stake in Visa by 0.9% during the 1st quarter. K.J. Harrison & Partners Inc now owns 25,837 shares of the credit-card processor’s stock valued at $7,211,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.