Visa (NYSE:V) Shares Up 0.7% – What’s Next?

Visa Inc. (NYSE:V)’s stock price rose 0.7% on Monday . The company traded as high as $313.47 and last traded at $311.96. Approximately 1,247,397 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 6,936,597 shares. The stock had previously closed at $309.92.

Analysts Set New Price Targets

A number of research analysts recently issued reports on V shares. Susquehanna boosted their price objective on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Barclays raised their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Piper Sandler increased their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $321.00 target price (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Visa Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day simple moving average of $290.89 and a 200-day simple moving average of $278.06. The firm has a market cap of $586.15 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.10 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 EPS. As a group, sell-side analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 94.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WFA Asset Management Corp boosted its stake in Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Visa in the first quarter worth about $818,000. Citizens Financial Group Inc. RI boosted its stake in shares of Visa by 2.9% in the 1st quarter. Citizens Financial Group Inc. RI now owns 72,034 shares of the credit-card processor’s stock valued at $20,103,000 after purchasing an additional 2,044 shares in the last quarter. Pacific Center for Financial Services grew its holdings in shares of Visa by 28.3% during the 1st quarter. Pacific Center for Financial Services now owns 5,913 shares of the credit-card processor’s stock valued at $1,650,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its position in Visa by 6.1% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 37,190 shares of the credit-card processor’s stock worth $10,379,000 after purchasing an additional 2,141 shares in the last quarter. 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.