Visa (NYSE:V) Trading Down 0.7%

Shares of Visa Inc. (NYSE:V) dropped 0.7% during mid-day trading on Friday . The company traded as low as $268.83 and last traded at $269.60. Approximately 1,595,323 shares were traded during trading, a decline of 72% from the average daily volume of 5,774,144 shares. The stock had previously closed at $271.37.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI raised their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Mizuho restated a “neutral” rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. KeyCorp raised their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, UBS Group raised their target price on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Performance

The stock has a market cap of $493.60 billion, a PE ratio of 31.02, a P/E/G ratio of 1.88 and a beta of 0.96. 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 stock has a 50-day moving average of $279.71 and a 200 day moving average of $262.62.

Visa (NYSE:V) last posted its 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. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa 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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’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 sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visa

Several institutional investors and hedge funds have recently modified their holdings of the company. BCK Partners Inc. purchased a new stake in Visa during the 1st quarter worth about $2,717,000. Markel Corp increased its holdings in Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the period. AMI Investment Management Inc. purchased a new stake in Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC purchased a new stake in Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd purchased a new stake in Visa during the 1st quarter worth about $1,496,000. 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.