Visa (NYSE:V) Stock Price Down 0.5% – What’s Next?

Visa Inc. (NYSE:V)’s share price was down 0.5% on Monday . The stock traded as low as $353.22 and last traded at $353.73. Approximately 5,719,056 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 5,723,993 shares. The stock had previously closed at $355.63.

Analyst Ratings Changes

Several research analysts recently weighed in on V shares. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods increased their price objective on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Citigroup raised their price target on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Mizuho raised their price target on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $659.42 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.35 and a beta of 0.97. The stock has a 50 day simple moving average of $326.92 and a two-hundred day simple moving average of $300.67.

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

Visa Announces Dividend

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

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter valued at approximately $26,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa in the 4th quarter valued at approximately $32,000. 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.