Visa (NYSE:V) Downgraded by StockNews.com

StockNews.com downgraded shares of Visa (NYSE:V) from a buy rating to a hold rating in a report released on Tuesday morning.

V has been the subject of several other reports. Citigroup cut their target price on shares of Visa from $321.00 to $319.00 and set a buy rating for the company in a research note on Wednesday, July 24th. William Blair raised shares of Visa to a strong-buy rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Visa from $300.00 to $290.00 and set an overweight rating for the company in a research note on Wednesday, July 24th. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, TD Cowen reduced their price target on shares of Visa from $320.00 to $318.00 and set a buy rating for the company in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of Moderate Buy and an average target price of $307.25.

Visa Trading Up 0.1 %

Visa stock opened at $265.93 on Tuesday. The firm has a 50 day simple moving average of $269.07 and a 200-day simple moving average of $274.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $486.37 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.88 and a beta of 0.95. Visa has a 12-month low of $227.78 and a 12-month high of $290.96.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Visa in the 4th quarter valued at $3,895,015,000. International Assets Investment Management LLC boosted its holdings in Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. National Bank of Canada FI boosted its holdings in Visa by 787.1% in the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after purchasing an additional 4,099,122 shares during the period. Swedbank AB bought a new stake in Visa in the 1st quarter valued at $511,321,000. Finally, GQG Partners LLC boosted its holdings in Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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.