Visa (NYSE:V) Shares Down 0.1% – What’s Next?

Visa Inc. (NYSE:V) shares traded down 0.1% during trading on Friday . The stock traded as low as $312.28 and last traded at $314.53. 2,685,474 shares were traded during mid-day trading, a decline of 61% from the average session volume of 6,893,515 shares. The stock had previously closed at $314.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on V shares. Keefe, Bruyette & Woods upped their target price on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Piper Sandler increased their target price on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.41.

Visa Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $591.85 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 2.11 and a beta of 0.96. The stock’s 50-day simple moving average is $303.21 and its 200 day simple moving average is $282.61.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company posted $2.33 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new position in shares of Visa during the third quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in Visa during the 3rd quarter worth about $31,000. Fairway Wealth LLC acquired a new position in shares of Visa during the 2nd quarter worth about $39,000. West Financial Advisors LLC increased its holdings in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Visa during the 2nd quarter worth about $48,000. 82.15% of the stock is 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.