Visa (NYSE:V) Shares Down 0.4% – Here’s What Happened

Visa Inc. (NYSE:V) shares fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $365.90 and last traded at $366.49. 817,274 shares were traded during mid-day trading, a decline of 88% from the average session volume of 6,994,033 shares. The stock had previously closed at $367.90.

Analyst Ratings Changes

A number of research firms recently issued reports on V. Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Bank of America increased their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $362.38.

Visa Price Performance

The business’s 50 day simple moving average is $339.28 and its 200-day simple moving average is $330.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $675.79 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 over the last quarter. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently added to or reduced their stakes in V. Keystone Global Partners LLC bought a new position in Visa in the 1st quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth about $27,000. von Borstel & Associates Inc. bought a new stake in shares of Visa during the first quarter valued at about $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Visa in the fourth quarter valued at approximately $32,000. 82.15% of the stock is owned by 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.