Visa (NYSE:V) Shares Down 0.5% – What’s Next?

Shares of Visa Inc. (NYSE:V) fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $345.51 and last traded at $348.84. 1,577,456 shares were traded during mid-day trading, a decline of 76% from the average session volume of 6,547,794 shares. The stock had previously closed at $350.46.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on V shares. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.84.

Visa Stock Down 2.2 %

The firm has a market cap of $636.73 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $344.22 and a 200-day moving average of $315.95.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,560,961 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fire Capital Management LLC bought a new position in Visa during the 4th quarter worth $1,034,000. Mascagni Wealth Management Inc. acquired a new position in shares of Visa in the fourth quarter worth approximately $71,000. Prostatis Group LLC boosted its holdings in Visa by 1.1% in the fourth quarter. Prostatis Group LLC now owns 2,976 shares of the credit-card processor’s stock valued at $941,000 after acquiring an additional 32 shares during the last quarter. Fairtree Asset Management Pty Ltd acquired a new stake in Visa during the 4th quarter valued at approximately $871,000. Finally, M1 Capital Management LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $277,000. 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.