Visa (NYSE:V) Trading Down 0.5% - Should You Sell?

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

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer restated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna boosted their target price on Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Visa Stock Down 0.6 %

The company's fifty day moving average is $329.14 and its 200-day moving average is $302.34. The company has a market capitalization of $647.01 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts predict that Visa Inc. will post 11.3 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. Shareholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is presently 23.79%.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. Finally, POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

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.