Visa Inc. (NYSE:V – Get Free Report) insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction 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 transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Visa Price Performance
V stock opened at $331.72 on Friday. The company has a market cap of $616.26 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $337.96 and a two-hundred day moving average price of $310.90. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.
Visa (NYSE:V – Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
Analyst Ratings Changes
Several research firms have recently issued reports on V. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.
View Our Latest Stock Report on Visa
Institutional Trading of Visa
Large investors have recently added to or reduced their stakes in the stock. Tableaux LLC purchased a new position in Visa in the 4th quarter worth approximately $215,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Visa in the fourth quarter valued at $225,772,000. Northstar Financial Companies Inc. acquired a new stake in Visa during the 4th quarter valued at $8,783,000. Wealthedge Investment Advisors LLC purchased a new stake in Visa during the 4th quarter worth $867,000. Finally, Mattson Financial Services LLC lifted its holdings in Visa by 27.8% in the 4th quarter. Mattson Financial Services LLC now owns 11,113 shares of the credit-card processor’s stock worth $3,512,000 after buying an additional 2,415 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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