Visa Inc (NYSE:V) Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Visa Inc (NYSE V) traded down $0.39 during trading hours on Friday, hitting $112.92. The company had a trading volume of 9,815,500 shares, compared to its average volume of 7,674,750. Visa Inc has a 12-month low of $77.19 and a 12-month high of $114.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $234,737.66, a PE ratio of 32.56, a PEG ratio of 1.66 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. sell-side analysts forecast that Visa Inc will post 4.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were paid a dividend of $0.195 per share. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, November 16th. This represents a $0.78 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is 27.86%.

A number of brokerages have recently weighed in on V. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cantor Fitzgerald started coverage on Visa in a research note on Thursday, September 28th. They issued an “overweight” rating and a $120.00 target price on the stock. KeyCorp restated a “buy” rating and issued a $110.00 target price on shares of Visa in a research note on Friday, August 25th. Finally, Buckingham Research upped their target price on Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $117.23.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after purchasing an additional 5,966,991 shares during the period. Clearbridge Investments LLC increased its position in shares of Visa by 41.4% during the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after purchasing an additional 2,677,533 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. Capital Research Global Investors increased its position in shares of Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in Visa by 116.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock valued at $346,532,000 after acquiring an additional 1,770,488 shares during the period. 81.91% of the stock is owned by institutional investors.

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About Visa

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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