Visa (NYSE:V) Trading Down 1.1% – Time to Sell?

Visa Inc. (NYSE:V)’s stock price dropped 1.1% on Friday . The stock traded as low as $373.64 and last traded at $374.46. Approximately 4,591,350 shares changed hands during trading, a decline of 41% from the average daily volume of 7,787,428 shares. The stock had previously closed at $378.75.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $406.00 target price on shares of Visa in a research report on Wednesday, July 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Morgan Stanley restated an “overweight” rating and set a $416.00 price objective on shares of Visa in a report on Wednesday, July 29th. Truist Financial set a $406.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $416.62.

Visa Stock Performance

The firm’s fifty day moving average price is $363.63 and its 200 day moving average price is $333.27. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $668.20 billion, a PE ratio of 31.84, a PEG ratio of 2.01 and a beta of 0.76.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period last year, the business earned $2.98 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.67 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s payout ratio is presently 22.79%.

Insider Transactions at Visa

In other Visa news, insider Tullier Mahon sold 57,272 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the sale, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie Rottenberg sold 2,028 shares of Visa stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 104,537 shares of company stock worth $37,540,837 over the last three months. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nixon Peabody Trust Co. grew its holdings in Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after purchasing an additional 1,543 shares during the period. Vega Investment Solutions bought a new stake in Visa in the second quarter valued at approximately $829,000. Beacon Financial Group lifted its position in shares of Visa by 83.9% in the first quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after buying an additional 10,267 shares during the last quarter. Pincus Capital Management LP bought a new position in shares of Visa during the 4th quarter worth approximately $4,278,000. Finally, Marble Wealth LLC bought a new position in shares of Visa during the 4th quarter worth approximately $3,529,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.