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

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Visa Price Performance

V opened at $279.48 on Friday. The stock’s 50-day moving average price is $266.53 and its 200 day moving average price is $273.14. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The firm has a market cap of $509.30 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.98 and a beta of 0.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.74%. Visa’s dividend payout ratio is presently 23.24%.

Institutional Trading of Visa

A number of large investors have recently modified their holdings of V. Sanctuary Advisors LLC acquired a new position in shares of Visa during the second quarter worth about $87,426,000. Ghisallo Capital Management LLC acquired a new stake in Visa in the second quarter valued at approximately $38,027,000. Clear Rock Advisors LLC lifted its stake in Visa by 3.6% in the second quarter. Clear Rock Advisors LLC now owns 13,067 shares of the credit-card processor’s stock worth $3,430,000 after acquiring an additional 459 shares during the last quarter. NCP Inc. grew its holdings in Visa by 5.4% during the 2nd quarter. NCP Inc. now owns 979 shares of the credit-card processor’s stock worth $257,000 after acquiring an additional 50 shares in the last quarter. Finally, Brown Financial Advisors purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $1,345,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on V shares. Compass Point assumed coverage on shares of Visa in a research report on Wednesday. They issued a “buy” rating and a $319.00 target price for the company. Jefferies Financial Group dropped their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a research note on Tuesday. Piper Sandler dropped their price target on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Morgan Stanley cut their price target on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $309.54.

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.