Visa (NYSE:V) Shares Down 2.2% – Time to Sell?

Visa Inc. (NYSE:V) shares fell 2.2% on Tuesday . The company traded as low as $359.80 and last traded at $361.8160. Approximately 8,758,495 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 7,730,446 shares. The stock had previously closed at $369.95.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Wells Fargo & Company reiterated an “overweight” rating and set a $432.00 price objective (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Cantor Fitzgerald set a $445.00 target price on Visa and gave the stock an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and issued a $416.00 target price on shares of Visa in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $416.62.

Visa Stock Up 0.3%

The company has a market cap of $647.10 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.94 and a beta of 0.76. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $368.05 and a 200 day moving average of $338.18.

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

Visa Dividend Announcement

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

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $379.65, for a total transaction of $2,230,443.75. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,760,809.10. This trade represents a 27.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the sale, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 106,404 shares of company stock worth $38,228,528. 0.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visa

A number of institutional investors have recently bought and sold shares of the stock. Concorde Asset Management LLC raised its holdings in shares of Visa by 4.0% in the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock valued at $250,000 after acquiring an additional 28 shares in the last quarter. G&S Capital LLC boosted its position in shares of Visa by 4.0% in the 2nd quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock worth $261,000 after purchasing an additional 29 shares in the last quarter. Keating Financial Advisory Services Inc. grew its stake in Visa by 0.9% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock worth $1,094,000 after buying an additional 29 shares during the last quarter. Riverview Capital Advisers LLC increased its holdings in shares of Visa by 0.3% during the second quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor’s stock valued at $3,707,000 after acquiring an additional 29 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC raised its holdings in shares of Visa by 4.5% in the second quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock worth $239,000 after buying an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Company Profile

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa’s products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.