Visa Inc. (NYSE:V) announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05, Bloomberg Earnings reports. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share.
Shares of Visa (NYSE V) traded down $0.26 on Friday, hitting $111.88. 4,198,700 shares of the stock were exchanged, compared to its average volume of 7,558,773. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. Visa has a fifty-two week low of $75.17 and a fifty-two week high of $112.90. The stock has a market cap of $232,802.64, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. Visa’s dividend payout ratio (DPR) is 23.57%.
Several equities analysts recently commented on the company. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, November 2nd. Jefferies Group LLC increased their target price on Visa from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, October 30th. Buckingham Research increased their target price on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Nomura increased their target price on Visa from $120.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Barclays PLC raised their price objective on Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and a consensus target price of $116.08.
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In other Visa news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after buying an additional 2,628,148 shares during the period. BlackRock Inc. lifted its holdings in shares of Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after acquiring an additional 1,440,034 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Visa by 20.3% during the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after acquiring an additional 1,919,732 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Visa by 159.7% during the 2nd quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after acquiring an additional 5,966,991 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Visa by 8.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,049,458 shares of the credit-card processor’s stock valued at $848,658,000 after acquiring an additional 668,013 shares in the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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