Visa (NYSE:V) Trading 0% Higher

Visa Inc. (NYSE:V)’s stock price traded up 0% during trading on Wednesday . The stock traded as high as $261.00 and last traded at $260.23. 1,042,188 shares changed hands during trading, a decline of 86% from the average session volume of 7,192,201 shares. The stock had previously closed at $260.13.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on V shares. Macquarie restated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Mizuho raised their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.25.

Visa Price Performance

The business has a 50-day simple moving average of $267.11 and a two-hundred day simple moving average of $273.77. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $475.33 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the prior year, the company earned $2.16 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Institutional Investors Weigh In On Visa

Several hedge funds have recently made changes to their positions in the stock. Westend Capital Management LLC acquired a new stake in shares of Visa during the first quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter worth $25,000. POM Investment Strategies LLC boosted its position in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Finally, TruNorth Capital Management LLC lifted its holdings in shares of Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares in the last quarter. 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.