Visa (NYSE:V) Shares Down 0.5% – Time to Sell?

Shares of Visa Inc. (NYSE:V) were down 0.5% during trading on Wednesday . The company traded as low as $354.54 and last traded at $355.05. Approximately 932,485 shares traded hands during trading, a decline of 83% from the average daily volume of 5,610,846 shares. The stock had previously closed at $356.73.

Analysts Set New Price Targets

V has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Piper Sandler reissued an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.31.

Visa Stock Down 0.6 %

The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50-day simple moving average is $328.47 and its 200 day simple moving average is $301.39.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is 23.79%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of V. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the 3rd quarter worth $26,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. 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.