News stories about Visa (NYSE:V) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Visa earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the credit-card processor an impact score of 45.9345554557561 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Visa Inc. (NYSE:V) Expected to Post Earnings of $0.85 Per Share (americanbankingnews.com)
- Wal-Mart, Visa Want Antitrust Case Paused To Work On A Deal – Law360 (subscription) (law360.com)
- Sumitomo Mitsui Trust Holdings, Inc. Raises Its Ownership in Visa Inc. (V) Last Quarter – Modern Readers (modernreaders.com)
- Sumitomo Mitsui Trust Holdings, Inc. Bought A Little More Visa Inc. (V) Stock Last Quarter – Modern Readers (modernreaders.com)
- How To Buy Visa 9 Years Ago – Seeking Alpha (seekingalpha.com)
Shares of Visa (NYSE V) traded down 0.31% during mid-day trading on Wednesday, reaching $100.97. 6,902,137 shares of the company traded hands. Visa has a 52-week low of $75.17 and a 52-week high of $101.30. The stock has a market capitalization of $230.86 billion, a price-to-earnings ratio of 37.55 and a beta of 0.94. The company’s 50 day moving average is $96.32 and its 200 day moving average is $91.20.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts forecast that Visa will post $3.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. Visa’s payout ratio is 24.54%.
Visa declared that its Board of Directors has approved a stock repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
A number of research firms have issued reports on V. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $95.32 price target for the company in a research report on Thursday, April 27th. Wedbush reissued an “outperform” rating and set a $100.00 price target (up from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Loop Capital raised their price target on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Royal Bank Of Canada raised their price target on shares of Visa from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Finally, Deutsche Bank AG raised their price target on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $104.56.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.
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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