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 firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 Trading Up 1.2 %

Shares of Visa stock opened at $349.27 on Thursday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The firm has a market capitalization of $650.64 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company’s fifty day moving average price is $319.07 and its two-hundred day moving average price is $294.37.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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, analysts expect that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

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

Institutional Trading of Visa

Several institutional investors have recently bought and sold shares of V. Riverstone Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $217,000. Custom Index Systems LLC acquired a new stake in Visa during the 3rd quarter valued at $731,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Visa in the third quarter worth $616,000. Finally, Oak Ridge Investments LLC increased its stake in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after buying an additional 4,198 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Susquehanna increased their price target on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Citigroup increased their target price on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

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.