Visa (NYSE:V) Stock Price Down 0.5% – What’s Next?

Visa Inc. (NYSE:V) dropped 0.5% during trading on Monday . The company traded as low as $353.22 and last traded at $353.73. Approximately 5,719,056 shares were traded during trading, a decline of 0% from the average daily volume of 5,723,993 shares. The stock had previously closed at $355.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Macquarie increased their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Citigroup boosted their price target on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group raised their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $325.14 and a 200-day simple moving average of $299.42. The stock has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio is 23.79%.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in V. Francis Financial Inc. raised its stake in Visa by 100.1% during the 4th quarter. Francis Financial Inc. now owns 1,597 shares of the credit-card processor’s stock worth $505,000 after buying an additional 799 shares during the period. Ethic Inc. grew its position in shares of Visa by 14.8% in the 4th quarter. Ethic Inc. now owns 157,367 shares of the credit-card processor’s stock valued at $49,734,000 after purchasing an additional 20,323 shares during the period. Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Visa during the 4th quarter worth approximately $1,409,000. Fiduciary Trust Co lifted its holdings in shares of Visa by 1.1% in the fourth quarter. Fiduciary Trust Co now owns 135,392 shares of the credit-card processor’s stock valued at $42,789,000 after purchasing an additional 1,534 shares in the last quarter. Finally, First Manhattan CO. LLC. grew its stake in shares of Visa by 0.5% during the 4th quarter. First Manhattan CO. LLC. now owns 1,253,658 shares of the credit-card processor’s stock worth $399,454,000 after acquiring an additional 5,704 shares in 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.