Visa (NYSE:V) Shares Up 1.3%

Visa Inc. (NYSE:V)’s share price shot up 1.3% on Tuesday . The company traded as high as $260.27 and last traded at $259.72. 3,248,418 shares traded hands during trading, a decline of 53% from the average session volume of 6,901,495 shares. The stock had previously closed at $256.44.

Analyst Ratings Changes

V has been the topic of a number of research analyst reports. Bank of America reissued a “neutral” rating and issued a $297.00 price target (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. Morgan Stanley decreased their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Wedbush increased their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, William Blair raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Visa Price Performance

The business’s 50 day moving average price is $268.04 and its two-hundred day moving average price is $274.06. The stock has a market cap of $473.49 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.82 and a beta of 0.95. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 EPS. As a group, sell-side analysts expect that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Visa

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Livelsberger Financial Advisory purchased a new stake in Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new position in Visa in the 1st quarter worth about $25,000. POM Investment Strategies LLC increased its stake in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the period. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth about $32,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth about $33,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

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.