Other hedge funds and institutional investors have adjusted their stakes in Visa. National Bank of Canada FI increased its stake by 787.1% in the first quarter. Swedbank AB acquired a new stake in the 1st quarter. GQG Partners LLC raised its stake in the 1st quarter. Wulff Hansen & CO. also raised its stake in the 2nd quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in the 4th quarter. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Down 0.1%
Shares of NYSE V opened at $274.77 on Tuesday. Visa Inc. has a market capitalization of $502.54 billion. The stock’s fifty-day moving average is $271.45 and its 200-day moving average is $273.11. Visa has a 52-week low of $227.78 and a 52-week high of $293.07. The company has a debt-to-equity ratio of 0.54 and a current ratio of 1.37.
Visa (NYSE:V) last reported its quarterly earnings on Tuesday, July 23rd. The credit-card processor’s earnings per share for the quarter were in line with analysts’ estimates. Revenue was slightly below the consensus estimate. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa Inc. is expected to post 9.92 earnings per share for the current fiscal year.
Visa Dividend Announcement
Visa recently announced a quarterly dividend paid on September 3rd. The ex-dividend date was August 9th. Visa’s dividend payout ratio is currently 23.24%.
Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold shares of the firm’s stock in a recent transaction. Company insiders now own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on V shares with varying ratings. Visa presently has an average rating of “Moderate Buy” and an average target price of $310.22.
Get Our Latest Stock Analysis on V
Visa Company Profile
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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