Visa (NYSE:V) Trading Down 0.2% – Time to Sell?

Shares of Visa Inc. (NYSE:V) dropped 0.2% on Monday . The company traded as low as $309.70 and last traded at $310.42. Approximately 905,356 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 6,908,865 shares. The stock had previously closed at $311.01.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America raised their price objective on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Piper Sandler raised their price objective on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $324.74.

Visa Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $583.60 billion, a P/E ratio of 32.10, a PEG ratio of 2.07 and a beta of 0.96. The business has a fifty day moving average of $296.38 and a 200 day moving average of $279.98.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $2.33 earnings per share. On average, sell-side analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its holdings in shares of Visa by 2.2% during the second quarter. AdvisorNet Financial Inc now owns 6,251 shares of the credit-card processor’s stock worth $1,641,000 after buying an additional 137 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Visa by 3.2% during the second quarter. 180 Wealth Advisors LLC now owns 11,254 shares of the credit-card processor’s stock worth $2,955,000 after buying an additional 346 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of Visa by 9.3% during the second quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor’s stock worth $15,299,000 after buying an additional 4,988 shares in the last quarter. Northcape Capital Pty Ltd increased its holdings in shares of Visa by 20.7% during the second quarter. Northcape Capital Pty Ltd now owns 15,997 shares of the credit-card processor’s stock worth $4,199,000 after buying an additional 2,740 shares in the last quarter. Finally, Salvus Wealth Management LLC increased its holdings in shares of Visa by 10.9% during the second quarter. Salvus Wealth Management LLC now owns 3,036 shares of the credit-card processor’s stock worth $797,000 after buying an additional 299 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

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.