Visa Inc. (NYSE:V – Get Free Report) shares shot up 0.7% throughout mid-day buying and selling on Monday . The corporate traded as excessive as $276.99 and final traded at $276.37. 6,296,000 shares modified palms throughout mid-day buying and selling, a decline of 28% from the common session quantity of 8,802,967 shares. The inventory had beforehand closed at $274.32.
Wall Avenue Analyst Weigh In
Plenty of analysts have just lately weighed in on the inventory. Financial institution of America reissued a “impartial” ranking and set a $297.00 value goal (down beforehand from $305.00) on shares of Visa in a analysis report on Wednesday, July tenth. BNP Paribas raised shares of Visa from a “impartial” ranking to an “outperform” ranking and set a $325.00 value goal for the corporate in a report on Tuesday. Evercore ISI reduce their goal value on shares of Visa from $335.00 to $330.00 and set an “outperform” ranking on the inventory in a analysis be aware on Tuesday, June twenty fifth. William Blair upgraded Visa to a “strong-buy” ranking in a analysis be aware on Tuesday, July twenty third. Lastly, Morgan Stanley reduce their value goal on Visa from $326.00 to $322.00 and set an “obese” ranking on the inventory in a analysis be aware on Wednesday, July twenty fourth. Six analysts have rated the inventory with a maintain ranking, twenty-two have issued a purchase ranking and one has given a robust purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate has a consensus ranking of “Average Purchase” and a median value goal of $309.16.
Learn Our Newest Inventory Report on V
Visa Buying and selling Up 0.8 %
The corporate has a market capitalization of $509.69 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The enterprise’s 50 day transferring common value is $265.80 and its two-hundred day transferring common value is $273.05. The corporate has a debt-to-equity ratio of 0.54, a fast ratio of 1.37 and a present ratio of 1.37.
Visa (NYSE:V – Get Free Report) final introduced its earnings outcomes on Tuesday, July twenty third. The credit-card processor reported $2.42 earnings per share for the quarter, assembly the consensus estimate of $2.42. Visa had a return on fairness of 51.94% and a internet margin of 54.72%. The enterprise had income of $8.90 billion throughout the quarter, in comparison with analysts’ expectations of $8.92 billion. Throughout the identical quarter final yr, the enterprise posted $2.16 earnings per share. The corporate’s quarterly income was up 9.6% on a year-over-year foundation. Equities analysts forecast that Visa Inc. will publish 9.92 earnings per share for the present fiscal yr.
Visa Pronounces Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Tuesday, September third. Buyers of report on Friday, August ninth have been issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized foundation and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August ninth. Visa’s payout ratio is 23.24%.
Institutional Inflows and Outflows
A number of institutional buyers have just lately modified their holdings of the inventory. Hilltop Nationwide Financial institution acquired a brand new place in shares of Visa within the first quarter value about $1,212,000. Absolute Capital Administration LLC acquired a brand new place in Visa within the 1st quarter value roughly $404,000. SageView Advisory Group LLC grew its place in Visa by 40.4% throughout the 4th quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s inventory value $6,967,000 after buying a further 7,236 shares within the final quarter. Davidson Capital Administration Inc. raised its stake in Visa by 0.5% throughout the 1st quarter. Davidson Capital Administration Inc. now owns 9,275 shares of the credit-card processor’s inventory valued at $2,588,000 after buying a further 44 shares throughout the interval. Lastly, Empirical Finance LLC lifted its holdings in shares of Visa by 4.4% within the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s inventory valued at $12,761,000 after buying a further 1,914 shares within the final quarter. Institutional buyers personal 82.15% of the corporate’s inventory.
About Visa
Visa Inc operates as a cost know-how firm in the US and internationally. The corporate operates VisaNet, a transaction processing community that allows authorization, clearing, and settlement of cost transactions. It additionally provides credit score, debit, and pay as you go card merchandise; faucet to pay, tokenization, and click on to pay providers; Visa Direct, an answer that facilitates the supply of funds to eligible playing cards, deposit accounts, and digital wallets; Visa B2B Join, a multilateral business-to-business cross-border funds community; Visa Cross-Border Answer, a cross-border client funds resolution; and Visa DPS that gives a variety of value-added providers, together with fraud mitigation, dispute administration, knowledge analytics, marketing campaign administration, a set of digital options, and make contact with middle providers.
Featured Articles
Obtain Information & Scores for Visa Day by day – Enter your electronic mail tackle under to obtain a concise day by day abstract of the most recent information and analysts’ rankings for Visa and associated firms with MarketBeat.com’s FREE day by day electronic mail publication.
