Visa (NYSE:V) Stock Price Up 0.2%

Visa Inc. (NYSE:V) traded up 0.2% during mid-day trading on Monday . The stock traded as high as $271.29 and last traded at $270.33. 999,171 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 5,797,401 shares. The stock had previously closed at $269.78.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on V. Citigroup boosted their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. UBS Group upped their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The company’s 50 day moving average price is $279.49 and its 200-day moving average price is $263.90. The stock has a market cap of $503.63 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors 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 0.76%. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa 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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. 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 ninety days. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Visa

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Westend Capital Management LLC purchased a new stake in shares of Visa in the 1st quarter worth about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter worth $32,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Visa during the fourth quarter valued at $33,000. Hedge funds and other 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.