Visa (NYSE:V) Shares Up 0%

Visa Inc. (NYSE:V)’s stock price was up 0% during mid-day trading on Wednesday . The stock traded as high as $274.13 and last traded at $271.35. Approximately 8,237,131 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 6,264,667 shares. The stock had previously closed at $271.28.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on V shares. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. UBS Group raised their price target on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Trading Up 0.0 %

The stock has a market cap of $498.34 billion, a P/E ratio of 31.23, a PEG ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day simple moving average is $279.93 and its 200 day simple moving average is $262.49.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. On average, analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. 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 dividend payout ratio (DPR) is currently 23.94%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock worth $15,131,081. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently modified their holdings of V. Moneta Group Investment Advisors LLC increased its holdings in shares of Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares in the last quarter. Norges Bank bought a new stake in shares of Visa during the 4th quarter valued at $3,895,015,000. Morgan Stanley raised its position in shares of Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after acquiring an additional 5,864,340 shares during the last quarter. International Assets Investment Management LLC raised its position 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 valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Visa by 29.7% during the 4th quarter. Legal & General Group Plc now owns 14,015,639 shares of the credit-card processor’s stock valued at $3,648,985,000 after acquiring an additional 3,209,334 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.