Visa (NYSE:V) Stock Price Down 0.3% – Time to Sell?

Visa Inc. (NYSE:V) shares were down 0.3% on Tuesday . The stock traded as low as $342.54 and last traded at $344.92. Approximately 1,210,305 shares were traded during trading, a decline of 79% from the average daily volume of 5,771,902 shares. The stock had previously closed at $345.82.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer lifted their target price on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Trading Down 0.2 %

The company has a market cap of $642.97 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.30 and a beta of 0.97. The firm has a fifty day moving average price of $318.40 and a 200 day moving average price of $293.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) 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%. As a group, equities analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

A number of hedge funds have recently bought and sold shares of V. Commonwealth Retirement Investments LLC increased its holdings in shares of Visa by 2.3% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 9,456 shares of the credit-card processor’s stock valued at $2,988,000 after acquiring an additional 213 shares in the last quarter. Fairhaven Wealth Management LLC raised its holdings in Visa by 0.3% during the fourth quarter. Fairhaven Wealth Management LLC now owns 20,683 shares of the credit-card processor’s stock worth $6,537,000 after buying an additional 58 shares during the last quarter. Brown Financial Advisors lifted its stake in shares of Visa by 28.7% in the fourth quarter. Brown Financial Advisors now owns 7,309 shares of the credit-card processor’s stock valued at $2,310,000 after buying an additional 1,632 shares in the last quarter. Synergy Financial Group LTD acquired a new position in shares of Visa during the fourth quarter valued at about $233,000. Finally, Trifecta Capital Advisors LLC increased its position in shares of Visa by 2.2% during the fourth quarter. Trifecta Capital Advisors LLC now owns 22,556 shares of the credit-card processor’s stock worth $7,129,000 after acquiring an additional 496 shares in the last quarter. 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.