Visa (NYSE:V) Shares Down 0.8% – Time to Sell?

Visa Inc. (NYSE:V)’s share price was down 0.8% during trading on Monday . The stock traded as low as $303.84 and last traded at $305.22. Approximately 1,278,874 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,858,976 shares. The stock had previously closed at $307.71.

Analyst Upgrades and Downgrades

V has been the topic of several recent research reports. Macquarie lifted their target price on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.92.

Visa Trading Up 2.4 %

The firm’s 50 day moving average is $312.76 and its 200 day moving average is $287.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $589.51 billion, a PE ratio of 32.52, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC raised its holdings in Visa by 25.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 21,117 shares of the credit-card processor’s stock valued at $6,674,000 after buying an additional 4,241 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Visa by 2.8% during the fourth quarter. HB Wealth Management LLC now owns 95,803 shares of the credit-card processor’s stock valued at $30,278,000 after acquiring an additional 2,589 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Visa by 4.4% during the fourth quarter. Trust Co. of Vermont now owns 65,770 shares of the credit-card processor’s stock worth $20,786,000 after purchasing an additional 2,790 shares during the period. Shelton Wealth Management LLC grew its stake in shares of Visa by 1.6% in the fourth quarter. Shelton Wealth Management LLC now owns 4,292 shares of the credit-card processor’s stock worth $1,356,000 after purchasing an additional 69 shares during the last quarter. Finally, Wallington Asset Management LLC increased its holdings in Visa by 1.3% during the 4th quarter. Wallington Asset Management LLC now owns 82,280 shares of the credit-card processor’s stock valued at $26,004,000 after purchasing an additional 1,023 shares during the period. 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.