Visa Inc. (NYSE:V) CEO Sells $2,739,263.60 in Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Visa Stock Performance

NYSE:V opened at $314.91 on Monday. The stock has a fifty day moving average price of $309.73 and a 200-day moving average price of $285.76. The company has a market cap of $586.64 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 EPS. As a group, equities analysts anticipate that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is currently 24.25%.

Institutional Trading of Visa

Institutional investors and hedge funds have recently modified their holdings of the business. Cozad Asset Management Inc. increased its holdings in Visa by 16.7% in the 2nd quarter. Cozad Asset Management Inc. now owns 5,272 shares of the credit-card processor’s stock worth $1,384,000 after purchasing an additional 753 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Visa by 2.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 5,712 shares of the credit-card processor’s stock worth $1,499,000 after purchasing an additional 115 shares in the last quarter. Larson Financial Group LLC increased its holdings in Visa by 10.4% in the 2nd quarter. Larson Financial Group LLC now owns 17,713 shares of the credit-card processor’s stock worth $4,649,000 after purchasing an additional 1,673 shares in the last quarter. Consolidated Planning Corp increased its holdings in Visa by 18.6% in the 2nd quarter. Consolidated Planning Corp now owns 12,715 shares of the credit-card processor’s stock worth $3,337,000 after purchasing an additional 1,995 shares in the last quarter. Finally, GPM Growth Investors Inc. acquired a new position in Visa in the 2nd quarter worth about $8,282,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Bank of America boosted their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Susquehanna boosted their price target on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price target on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley boosted their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $329.70.

About Visa

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.