Visa (NYSE:V) Stock Price Up 0.6% - Time to Buy?

Visa Inc. (NYSE:V) saw its share price rise by 0.6% during midday trading on Monday. The stock peaked at $366.54 before settling at $364.87. A total of 1,714,897 shares were traded, marking a significant drop of 71% from the average trading volume of 5,933,499 shares. The previous closing price was $362.71.

Wall Street Analysts Forecast Growth

Several financial analysts have recently provided insights on Visa's stock performance. Bank of America raised its price target for Visa from $331.00 to $363.00, maintaining a "neutral" rating in a report published on January 31st. Morgan Stanley increased their price target from $326.00 to $371.00, assigning an "overweight" rating on December 18th. Susquehanna increased its target to $410.00 from $395.00 while giving a "positive" rating in a report released on February 21st. Wells Fargo also upped their target from $360.00 to $395.00 with an "overweight" rating on January 31st. Lastly, JPMorgan Chase moved their target price up from $340.00 to $375.00 on the same day. Presently, six analysts recommend holding the stock, while twenty-three analysts suggest buying it, with one rating it as a strong buy. MarketBeat.com data reflects a consensus rating of "Moderate Buy" for Visa, with an average target price set at $353.96.

Visa Stock Performance

The stock is currently trending with a fifty-day simple moving average at $333.03 and a 200-day moving average at $305.97. Visa holds a market cap of $671.77 billion and has a P/E ratio of 36.45, a PEG ratio of 2.33, and a beta of 0.97. Financial metrics indicate a debt-to-equity ratio of 0.45, with both the quick ratio and current ratio sitting at 1.12.

In its latest earnings report on January 30th, Visa announced earnings per share (EPS) of $2.75, surpassing analyst expectations of $2.66 by $0.09. The company achieved a return on equity of 54.79% and a net profit margin of 54.27%. Analysts anticipate that Visa will report earnings per share of 11.3 for the current year.

Visa Announces Dividend

Additionally, Visa has proclaimed a quarterly dividend set to be disbursed on March 3rd. Shareholders on record as of February 11th will receive a dividend of $0.59. The ex-dividend date is also February 11th. This translates to an annual dividend of $2.36, reflecting a yield of 0.65%, with a payout ratio currently at 23.79%.

Insider Transactions at Visa

In other developments, insider Tullier Kelly Mahon sold 33,741 shares on February 7th for an average price of $349.77, resulting in a total transaction of approximately $11.8 million. Following this transaction, the insider holds 36,566 shares valued around $12.79 million, reflecting a 47.99% decline in their stake. This transaction is documented in SEC filings. Additionally, CAO Peter M. Andreski sold 2,332 shares for about $815,313.84 on the same day. After this sale, he now owns 4,488 shares valued at approximately $1.57 million, marking a 34.19% reduction in his position. In total, insiders have sold 55,885 shares worth roughly $19.16 million in the past three months. Currently, insiders own 0.13% of Visa's stock.

Institutional Inflows and Outflows

Several institutional investors have recently adjusted their investments in Visa. Decker Retirement Planning Inc. purchased a new stake in Visa worth around $26,000 during the fourth quarter. Bradley & Co. Private Wealth Management LLC also acquired a new position valued at about $27,000 in the same period. Peterson Financial Group Inc. bought a new stake during the third quarter worth approximately $26,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% in the fourth quarter, now owning 98 shares worth around $31,000 after acquiring an additional 32 shares. Modus Advisors LLC also took a new position in Visa worth $32,000 during the fourth quarter. Overall, institutional investors currently control 82.15% of Visa's shares.

About Visa

Visa Inc. operates as a global payment technology company, facilitating numerous transactions both in the U.S. and internationally. The company is known for its extensive transaction processing network, VisaNet, which oversees the authorization, clearing, and settlement of payment transactions. Visa also provides a variety of financial services, including credit, debit, and prepaid card options, tapping to pay features, and various digital solutions.

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Visa, Stock, Earnings