Visa Inc. (NYSE:V – Get Free Report) Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Visa Stock Down 0.2 %
V stock opened at $274.58 on Friday. The stock has a market capitalization of $504.27 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a 50-day moving average of $279.24 and a two-hundred day moving average of $264.33. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45.
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.
Visa Announces Dividend
Analysts Set New Price Targets
Several brokerages recently issued reports on V. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Susquehanna increased their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Oppenheimer boosted their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $302.58.
View Our Latest Stock Analysis on Visa
Institutional Trading of Visa
Several hedge funds and other institutional investors have recently bought and sold shares of V. Norges Bank bought a new position in Visa in the fourth quarter worth $3,895,015,000. International Assets Investment Management LLC lifted its holdings in shares of Visa by 17,418.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. FMR LLC boosted its position in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Visa in the third quarter valued at about $358,349,000. Finally, Public Employees Retirement Association of Colorado raised its position in Visa by 14,306.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after purchasing an additional 1,489,856 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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