Visa (NYSE:V) Stock Price Up 0.9%

Visa Inc. (NYSE:V)’s stock price was up 0.9% during trading on Monday . The company traded as high as $271.40 and last traded at $270.83. Approximately 1,022,655 shares traded hands during trading, a decline of 83% from the average daily volume of 5,846,778 shares. The stock had previously closed at $268.49.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on V shares. Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Wells Fargo & Company lifted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Finally, Wedbush lifted their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $303.00.

Visa Stock Performance

The business’s 50-day simple moving average is $278.17 and its two-hundred day simple moving average is $265.79. The firm has a market cap of $498.70 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.84 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 11,724 shares of company stock valued at $3,278,698 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

Several large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter valued at about $25,000. Livelsberger Financial Advisory acquired a new position in Visa in the 4th quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $32,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.