Ryan Mcinerney Sells 8,620 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00.
• On Thursday, January 2nd, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60.

Visa Stock Performance

Shares of NYSE V traded down $9.94 during midday trading on Tuesday, hitting $351.88. The company’s stock had a trading volume of 8,952,937 shares, compared to its average volume of 6,196,683. The firm has a market capitalization of $653.71 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $333.92 and a 200 day moving average price of $306.64. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on V shares. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna lifted their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC increased its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new position in Visa in the fourth quarter worth $32,000. Hedge funds and other institutional investors 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.