Insider Selling: Visa Inc. (NYSE:V) CEO Sells 8,620 Shares of Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ryan Mcinerney also recently made the following trade(s):

• On Thursday, January 2nd, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60.

Visa Stock Down 0.1 %

Shares of Visa stock traded down $0.51 during trading on Tuesday, hitting $345.31. 5,529,165 shares of the stock were exchanged, compared to its average volume of 5,980,642. The firm’s 50-day moving average price is $318.40 and its 200 day moving average price is $293.81. The stock has a market cap of $643.27 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is 23.79%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna boosted their target price on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday. Finally, Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock valued at $2,683,101,000 after acquiring an additional 9,736,958 shares during the period. State Street Corp increased its stake in Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock valued at $21,064,179,000 after purchasing an additional 3,327,977 shares in the last quarter. FMR LLC increased its stake in Visa by 6.1% in the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock valued at $15,702,901,000 after purchasing an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC raised its holdings in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock worth $10,601,135,000 after purchasing an additional 2,772,549 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Visa during the third quarter worth $268,640,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

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.