Visa (NYSE:V) Stock Price Down 1.4% – Here’s What Happened

Visa Inc. (NYSE:V) traded down 1.4% on Thursday . The company traded as low as $331.00 and last traded at $341.37. 2,958,340 shares were traded during mid-day trading, a decline of 59% from the average session volume of 7,141,436 shares. The stock had previously closed at $346.33.

Analyst Ratings Changes

Several research analysts recently issued reports on V shares. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Down 2.1 %

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $630.04 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.33 and a beta of 0.94. The stock’s 50-day simple moving average is $345.14 and its 200-day simple moving average is $316.58.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,585 shares of company stock worth $45,821,697. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of V. Versant Capital Management Inc boosted its holdings in shares of Visa by 42.9% in the first quarter. Versant Capital Management Inc now owns 6,468 shares of the credit-card processor’s stock worth $2,267,000 after acquiring an additional 1,942 shares during the period. Boston Common Asset Management LLC lifted its holdings in Visa by 16.5% during the 1st quarter. Boston Common Asset Management LLC now owns 100,531 shares of the credit-card processor’s stock worth $35,232,000 after purchasing an additional 14,202 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its stake in Visa by 0.7% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 11,368 shares of the credit-card processor’s stock worth $3,984,000 after purchasing an additional 80 shares during the period. Kera Capital Partners Inc. grew its holdings in Visa by 5.9% during the 1st quarter. Kera Capital Partners Inc. now owns 990 shares of the credit-card processor’s stock valued at $347,000 after buying an additional 55 shares in the last quarter. Finally, Marcum Wealth LLC increased its holdings in Visa by 0.9% during the 1st quarter. Marcum Wealth LLC now owns 10,458 shares of the credit-card processor’s stock worth $3,665,000 after acquiring an additional 92 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.