Visa (NYSE:V) Stock Price Down 0.5% – Here’s What Happened

Shares of Visa Inc. (NYSE:V) fell 0.5% during trading on Wednesday . The stock traded as low as $354.54 and last traded at $355.05. 932,485 shares were traded during mid-day trading, a decline of 83% from the average session volume of 5,610,846 shares. The stock had previously closed at $356.73.

Wall Street Analyst Weigh In

Several brokerages have issued reports on V. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer upped their price target on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Trading Down 0.4 %

The firm has a market cap of $660.17 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The business has a 50 day moving average of $326.92 and a 200 day moving average of $300.67. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 over the last quarter. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Visa

Hedge funds and other institutional investors have recently made changes to their positions in the business. Warm Springs Advisors Inc. purchased a new stake in shares of Visa during the fourth quarter valued at approximately $3,202,000. Pinney & Scofield Inc. purchased a new position in Visa in the 4th quarter valued at about $181,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Visa during the fourth quarter valued at about $1,732,000. WCG Wealth Advisors LLC lifted its stake in shares of Visa by 2.8% in the fourth quarter. WCG Wealth Advisors LLC now owns 35,949 shares of the credit-card processor’s stock worth $11,361,000 after acquiring an additional 986 shares in the last quarter. Finally, Investment Management Corp VA ADV purchased a new position in Visa in the fourth quarter valued at about $388,000. 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.