Visa Inc. (NYSE:V) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 12,583 put options on the stock. This represents an increase of approximately 163% compared to the typical volume of 4,785 put options.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 price target on shares of Visa in a report on Thursday, July 13th. Sandler O’Neill reissued a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. boosted their price target on shares of Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Finally, Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $100.12 price target on the stock. in a report on Monday, July 17th. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.56.

Visa (V) opened at 102.51 on Monday. Visa has a 12-month low of $75.17 and a 12-month high of $103.93. The firm has a 50-day moving average price of $98.78 and a 200-day moving average price of $92.76. The company has a market cap of $234.38 billion, a P/E ratio of 38.12 and a beta of 0.94.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts forecast that Visa will post $3.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s payout ratio is 24.54%.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Family Management Corp increased its stake in shares of Visa by 98.1% in the second quarter. Family Management Corp now owns 37,073 shares of the credit-card processor’s stock worth $3,477,000 after buying an additional 18,362 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Visa during the second quarter worth approximately $215,000. Cetera Investment Advisers increased its stake in shares of Visa by 79.0% in the second quarter. Cetera Investment Advisers now owns 9,298 shares of the credit-card processor’s stock worth $872,000 after buying an additional 4,103 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Visa by 4.8% in the second quarter. EP Wealth Advisors LLC now owns 142,942 shares of the credit-card processor’s stock worth $13,405,000 after buying an additional 6,514 shares during the last quarter. Finally, Beaton Management Co. Inc. bought a new stake in shares of Visa during the second quarter worth approximately $370,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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