Visa (NYSE:V) Stock Falls 1.2% – Time to Sell?

Visa Inc. (NYSE:V) shares traded down 1.2% during mid-day trading on Thursday. The stock traded as low as $420.02 and last traded at $420.2560. 5,633,019 shares traded hands during trading, a decline of 25% from the average session volume of 7,510,087 shares. The stock had previously closed at $425.55.

Visa News Summary

Investors following V have been watching these news items:

• Positive Sentiment: Visa is expanding stablecoin settlement with Anchorage Digital, allowing eligible partners to use Western Union’s USDPT token to settle obligations on VisaNet. The move broadens Visa’s settlement capabilities and supports its push into blockchain-based payments. Read More.
• Positive Sentiment: Visa and Global Payments are enabling AviaGames’ U.S. players to receive payouts directly to Visa cards, adding another use case for Visa’s payment network. Read More.
• Positive Sentiment: Analyst views remain supportive: Bernstein maintained an Outperform rating and raised its target to $486, while Citigroup has a Buy rating and a $490 target. Read More. · Read More.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on V shares. Truist Financial lifted their price objective on shares of Visa from $443.00 to $470.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Robert W. Baird raised their price target on shares of Visa from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Monday, October 12th. Deutsche Bank restated a “buy” rating and issued a $430.00 price target on shares of Visa in a research note on Wednesday, July 29th. Loop Capital upped their price objective on Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, TD Cowen reaffirmed a “buy” rating and set a $450.00 price objective (up from $420.00) on shares of Visa in a research report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $443.35.

Visa Price Performance

The stock has a fifty day simple moving average of $388.61 and a 200-day simple moving average of $346.16. The company has a market capitalization of $749.92 billion, a PE ratio of 34.08, a P/E/G ratio of 1.80 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same quarter last year, the company earned $2.98 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a $0.78 dividend. This is a boost from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s payout ratio is currently 25.30%.

Insider Buying and Selling

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of Visa stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 29,262 shares of company stock worth $11,195,791 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently modified their holdings of the business. XXEC Inc. boosted its stake in Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. State Street Corp increased its stake in Visa by 2.4% in the third quarter. State Street Corp now owns 84,860,939 shares of the credit-card processor’s stock valued at $30,493,081,000 after purchasing an additional 1,988,730 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after buying an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after buying an additional 316,559 shares during the last quarter. Finally, Amundi raised its holdings in shares of Visa by 16.5% in the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after buying an additional 1,092,315 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

About Visa

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.