Visa (NYSE:V) Trading Up 0.2%

Visa Inc. (NYSE:V) shares shot up 0.2% on Wednesday . The company traded as high as $269.75 and last traded at $268.80. 1,775,707 shares were traded during mid-day trading, a decline of 74% from the average session volume of 6,793,725 shares. The stock had previously closed at $268.23.

Analyst Ratings Changes

Several brokerages recently issued reports on V. UBS Group lifted their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $303.56.

Visa Trading Up 0.2 %

The business’s 50-day moving average is $273.58 and its two-hundred day moving average is $273.69. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $491.75 billion, a PE ratio of 30.03, a PEG ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 earnings per share. On average, analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is currently 23.24%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Visa by 0.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 162,805 shares of the credit-card processor’s stock worth $42,731,000 after buying an additional 535 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Visa by 31.1% in the second quarter. GAMMA Investing LLC now owns 28,422 shares of the credit-card processor’s stock worth $7,460,000 after acquiring an additional 6,747 shares during the last quarter. Davis Capital Management boosted its stake in Visa by 1.5% in the second quarter. Davis Capital Management now owns 6,439 shares of the credit-card processor’s stock valued at $1,695,000 after acquiring an additional 97 shares during the period. Transcend Capital Advisors LLC boosted its stake in Visa by 27.3% in the second quarter. Transcend Capital Advisors LLC now owns 36,671 shares of the credit-card processor’s stock valued at $9,625,000 after acquiring an additional 7,873 shares during the period. Finally, Centre Asset Management LLC grew its holdings in shares of Visa by 2.3% during the second quarter. Centre Asset Management LLC now owns 15,537 shares of the credit-card processor’s stock valued at $4,078,000 after purchasing an additional 345 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

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.