Visa (NYSE:V) Stock Price Down 1.5% – Should You Sell?

by · The Cerbat Gem

Visa Inc. (NYSE:V – Get Free Report)’s share price was down 1.5% during trading on Monday . The stock traded as low as $324.71 and last traded at $326.2080. Approximately 6,003,489 shares traded hands during trading, a decline of 6% from the average daily volume of 6,404,004 shares. The stock had previously closed at $331.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on V shares. Macquarie decreased their target price on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. KeyCorp restated an “overweight” rating and issued a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. UBS Group set a $425.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.52.

Read Our Latest Stock Analysis on Visa

Visa Stock Down 1.5%

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $338.75 and a 200-day simple moving average of $345.93. The firm has a market cap of $594.27 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.96 and a beta of 0.82.

Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s payout ratio is presently 26.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,117. This represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the sale, the director owned 2,468 shares in the company, valued at $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,042 shares of company stock worth $8,175,152 over the last three months. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Visa

Hedge funds have recently bought and sold shares of the stock. Keystone Global Partners LLC purchased a new position in Visa during the 1st quarter valued at approximately $26,000. Parvin Asset Management LLC boosted its position in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Visa during the 2nd quarter valued at approximately $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa in the second quarter valued at $29,000. Finally, Sagard Holdings Management Inc. bought a new stake in Visa in the second quarter worth $31,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

(Get Free Report)

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.

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