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 that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This represents a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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.
• 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 transaction of $2,739,263.60.

Visa Trading Down 2.7 %

NYSE:V traded down $9.94 during mid-day trading on Tuesday, hitting $351.88. 8,952,937 shares of the company’s stock were exchanged, compared to its average volume of 6,196,683. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. 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 firm has a market capitalization of $653.71 billion, a P/E ratio of 35.47, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50 day simple moving average of $333.92 and a 200-day simple moving average of $306.64.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 dividend yield of 0.67%. Visa’s payout ratio is 23.79%.

Hedge Funds Weigh In On Visa

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. State Street Corp grew its stake in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares during the period. FMR LLC increased its holdings in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC lifted its stake in Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor’s stock valued at $12,729,901,000 after buying an additional 1,689,926 shares during the period. Finally, Capital International Investors increased its stake in shares of Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor’s stock valued at $7,526,660,000 after acquiring an additional 866,596 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

V has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Susquehanna raised their price target on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.96.

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.