Visa (NYSE:V) Stock Price Up 0%

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

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Barclays upped their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Wedbush boosted their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada boosted their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Performance

The company has a market cap of $504.16 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.90 and a beta of 0.96. The firm’s fifty day moving average price is $279.32 and its 200-day moving average price is $264.05. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $8.62 billion. During the same period in the prior year, the company posted $2.09 earnings per share. Visa’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 in the last 90 days. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC increased its stake in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after buying an additional 536 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Visa by 54.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,621 shares of the credit-card processor’s stock valued at $1,293,000 after acquiring an additional 1,970 shares during the last quarter. Bellecapital International Ltd. raised its holdings in Visa by 74.1% during the third quarter. Bellecapital International Ltd. now owns 2,917 shares of the credit-card processor’s stock worth $671,000 after acquiring an additional 1,242 shares in the last quarter. Founders Financial Securities LLC boosted its position in Visa by 5.7% during the third quarter. Founders Financial Securities LLC now owns 11,948 shares of the credit-card processor’s stock valued at $2,748,000 after purchasing an additional 649 shares during the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its position in shares of Visa by 9.2% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,568 shares of the credit-card processor’s stock worth $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.