Visa (NYSE:V) Shares Up 0.3% – Here’s What Happened

Shares of Visa Inc. (NYSE:V) rose 0.3% during mid-day trading on Thursday . The stock traded as high as $319.68 and last traded at $316.88. Approximately 1,176,572 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 6,913,891 shares. The stock had previously closed at $316.04.

Analyst Ratings Changes

A number of research analysts have issued reports on V shares. Susquehanna increased their target price on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Piper Sandler lifted their price objective on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $329.70.

Visa Stock Up 0.2 %

The firm has a market cap of $586.64 billion, a PE ratio of 32.36, a P/E/G ratio of 2.11 and a beta of 0.96. 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 business has a fifty day moving average price of $309.73 and a two-hundred day moving average price of $285.59.

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

Visa Increases Dividend

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

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction 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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently modified their holdings of V. Impact Partnership Wealth LLC lifted its holdings in Visa by 188.3% in the second quarter. Impact Partnership Wealth LLC now owns 908 shares of the credit-card processor’s stock valued at $238,000 after buying an additional 593 shares during the period. Foster & Motley Inc. raised its position in shares of Visa by 43.3% during the 2nd quarter. Foster & Motley Inc. now owns 5,681 shares of the credit-card processor’s stock valued at $1,491,000 after acquiring an additional 1,716 shares during the last quarter. Bordeaux Wealth Advisors LLC lifted its stake in shares of Visa by 273.5% in the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 12,326 shares of the credit-card processor’s stock valued at $3,235,000 after purchasing an additional 9,026 shares during the period. Waverton Investment Management Ltd boosted its position in shares of Visa by 3.6% in the 2nd quarter. Waverton Investment Management Ltd now owns 878,769 shares of the credit-card processor’s stock worth $230,514,000 after purchasing an additional 30,902 shares during the last quarter. Finally, Horizon Investment Services LLC grew its stake in shares of Visa by 0.4% during the second quarter. Horizon Investment Services LLC now owns 15,440 shares of the credit-card processor’s stock worth $4,053,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

About Visa

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.