Visa (NYSE:V) Trading Up 0.3%

Shares of Visa Inc. (NYSE:V) shot up 0.3% on Wednesday . The stock traded as high as $278.55 and last traded at $277.17. 1,023,532 shares were traded during mid-day trading, a decline of 82% from the average session volume of 5,830,328 shares. The stock had previously closed at $276.46.

Analysts Set New Price Targets

Several research firms have recently issued reports on V. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Wedbush lifted their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Raymond James increased their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Robert W. Baird lifted their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $303.00.

Visa Trading Up 0.3 %

The company’s 50 day simple moving average is $277.81 and its 200-day simple moving average is $266.37. The firm has a market cap of $506.96 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.84 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

Several large investors have recently modified their holdings of V. Trifecta Capital Advisors LLC raised its stake in Visa by 2.7% in the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after buying an additional 536 shares during the last quarter. Apexium Financial LP boosted its stake in Visa by 12.4% in the 3rd quarter. Apexium Financial LP now owns 3,722 shares of the credit-card processor’s stock worth $856,000 after purchasing an additional 412 shares in the last quarter. Jackson Square Capital LLC grew its position in Visa by 2.6% during the 3rd quarter. Jackson Square Capital LLC now owns 23,538 shares of the credit-card processor’s stock worth $5,414,000 after purchasing an additional 601 shares during the last quarter. SevenBridge Financial Group LLC grew its position in Visa by 10.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 13,868 shares of the credit-card processor’s stock worth $3,190,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Snider Financial Group raised its holdings in shares of Visa by 5.3% in the third quarter. Snider Financial Group now owns 7,610 shares of the credit-card processor’s stock worth $1,750,000 after buying an additional 385 shares during the last quarter. 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.