Visa (NYSE:V) Shares Down 0% – Here’s Why

Shares of Visa Inc. (NYSE:V) fell 0% on Wednesday . The company traded as low as $284.59 and last traded at $284.71. 739,329 shares changed hands during trading, a decline of 90% from the average session volume of 7,076,009 shares. The stock had previously closed at $284.79.

Analysts Set New Price Targets

Several research firms have commented on V. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. Piper Sandler decreased their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Compass Point began coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target on the stock. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, BMO Capital Markets lifted their target price on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Visa Price Performance

The stock has a market capitalization of $519.55 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.00 and a beta of 0.96. The company’s 50-day simple moving average is $277.95 and its 200-day simple moving average is $273.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

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, hitting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter last year, the company earned $2.16 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of large investors have recently modified their holdings of the business. Hoxton Planning & Management LLC grew its holdings in shares of Visa by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,667 shares of the credit-card processor’s stock worth $465,000 after purchasing an additional 66 shares during the last quarter. Prentice Wealth Management LLC raised its position in shares of Visa by 6.0% during the first quarter. Prentice Wealth Management LLC now owns 4,887 shares of the credit-card processor’s stock worth $1,364,000 after acquiring an additional 276 shares during the last quarter. Security National Bank lifted its stake in shares of Visa by 0.9% in the first quarter. Security National Bank now owns 38,622 shares of the credit-card processor’s stock worth $10,779,000 after acquiring an additional 340 shares during the period. Richelieu Gestion SA boosted its holdings in Visa by 68.0% in the first quarter. Richelieu Gestion SA now owns 1,979 shares of the credit-card processor’s stock valued at $552,000 after acquiring an additional 801 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in Visa by 13.0% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 1,207 shares of the credit-card processor’s stock valued at $331,000 after purchasing an additional 139 shares during the period. 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.