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 business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 3rd, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00.
• On Monday, February 3rd, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00.

Visa Trading Down 7.6 %

Visa stock opened at $313.46 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The business’s fifty day moving average is $345.02 and its 200 day moving average is $317.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $582.34 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly 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, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is 23.79%.

Hedge Funds Weigh In On Visa

A number of institutional investors and hedge funds have recently modified their holdings of V. Webster Bank N. A. lifted its holdings in Visa by 0.4% in the first quarter. Webster Bank N. A. now owns 38,972 shares of the credit-card processor’s stock valued at $13,658,000 after acquiring an additional 136 shares during the period. Quent Capital LLC lifted its stake in shares of Visa by 0.9% in the 1st quarter. Quent Capital LLC now owns 8,003 shares of the credit-card processor’s stock worth $2,805,000 after purchasing an additional 70 shares during the period. Sage Capital Advisors llc boosted its holdings in shares of Visa by 1.9% in the first quarter. Sage Capital Advisors llc now owns 2,499 shares of the credit-card processor’s stock worth $876,000 after buying an additional 46 shares during the last quarter. Agate Pass Investment Management LLC grew its position in Visa by 1.7% during the first quarter. Agate Pass Investment Management LLC now owns 5,270 shares of the credit-card processor’s stock valued at $1,847,000 after buying an additional 86 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Visa by 42.9% during the first quarter. Versant Capital Management Inc now owns 6,468 shares of the credit-card processor’s stock valued at $2,267,000 after buying an additional 1,942 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. UBS Group upped their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $355.84.

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.