Visa (NYSE:V) Shares Down 0.4% - Should You Sell?

Visa Inc. (NYSE:V - Get Free Report)'s stock price was down 0.4% during trading on Friday . The stock traded as low as $332.17 and last traded at $334.30. 1,159,118 shares were traded during trading, a decline of 84% from the average daily volume of 7,200,378 shares. The stock had previously closed at $335.71.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, UBS Group lifted their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $358.17.

Visa Price Performance

The company has a market capitalization of $623.28 billion, a P/E ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a 50 day simple moving average of $338.42 and a 200-day simple moving average of $322.66.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio is presently 23.79%.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business's 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 directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Visa during the fourth quarter valued at $5,171,271,000. GAMMA Investing LLC increased its holdings in shares of Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares during the period. Vanguard Group Inc. lifted its position in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $1,955,403,000. Finally, Proficio Capital Partners LLC grew its position in Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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.