Visa (NYSE:V) Trading Up 0.2%

Shares of Visa Inc. (NYSE:V - Get Free Report) rose 0.2% on Wednesday . The stock traded as high as $269.75 and last traded at $268.80. Approximately 1,775,707 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 6,793,725 shares. The stock had previously closed at $268.23.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 17th. Piper Sandler began coverage on shares of Visa in a report on Monday, May 13th. They set an "overweight" rating and a $322.00 target price on the stock. Evercore ISI dropped their target price on shares of Visa from $335.00 to $330.00 and set an "outperform" rating on the stock in a report on Tuesday, June 25th. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Finally, Mizuho increased their target price on shares of Visa from $265.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $303.56.

Visa Stock Performance

The firm has a fifty day simple moving average of $273.58 and a 200 day simple moving average of $273.69. The company has a market cap of $491.49 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. On average, sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa's dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at $4,959,322.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company's stock, valued at $713,950.05. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in V. Jackson Wealth Management LLC grew its position in shares of Visa by 2.5% during the 3rd quarter. Jackson Wealth Management LLC now owns 12,637 shares of the credit-card processor's stock worth $2,907,000 after buying an additional 312 shares during the period. JT Stratford LLC grew its position in shares of Visa by 13.7% during the 3rd quarter. JT Stratford LLC now owns 8,472 shares of the credit-card processor's stock worth $1,949,000 after buying an additional 1,020 shares during the period. Seven Eight Capital LP grew its position in shares of Visa by 46.7% during the 3rd quarter. Seven Eight Capital LP now owns 13,222 shares of the credit-card processor's stock worth $3,041,000 after buying an additional 4,210 shares during the period. Scotia Capital Inc. grew its position in shares of Visa by 0.6% during the 3rd quarter. Scotia Capital Inc. now owns 1,341,142 shares of the credit-card processor's stock worth $308,492,000 after buying an additional 8,181 shares during the period. Finally, Sandler Capital Management grew its position in shares of Visa by 24.4% during the 3rd quarter. Sandler Capital Management now owns 26,298 shares of the credit-card processor's stock worth $6,049,000 after buying an additional 5,160 shares during the period. 82.15% of the stock is owned by institutional investors.

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.