Visa (NYSE:V) Stock Price Down 0.7%

Visa Inc. (NYSE:V)’s share price fell 0.7% during trading on Friday . The stock traded as low as $268.83 and last traded at $269.60. 1,595,323 shares changed hands during trading, a decline of 72% from the average session volume of 5,774,144 shares. The stock had previously closed at $271.37.

Analyst Ratings Changes

Several brokerages recently commented on V. Wells Fargo & Company upped their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada increased their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Stock Down 0.6 %

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $495.45 billion, a PE ratio of 31.04, a P/E/G ratio of 1.87 and a beta of 0.96. The stock has a 50-day moving average of $279.58 and a 200 day moving average of $263.12.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $2.18 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly 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 sold 18,965 shares of company stock valued at $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visa

Large investors have recently added to or reduced their stakes in the business. Westend Capital Management LLC purchased a new stake in Visa during the first quarter valued at about $25,000. Livelsberger Financial Advisory purchased a new stake in Visa during the fourth quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Visa during the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $33,000. Institutional investors 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.