Paul D. Fabara Sells 39,350 Shares of Visa Inc. (NYSE:V) Stock

Visa Inc. (NYSE:V) insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Visa Price Performance

Shares of V opened at $331.72 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock’s fifty day moving average is $337.96 and its 200-day moving average is $310.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $616.26 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tableaux LLC bought a new position in Visa during the fourth quarter valued at about $215,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Visa during the 4th quarter valued at about $225,772,000. Northstar Financial Companies Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $8,783,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $867,000. Finally, Mattson Financial Services LLC lifted its stake in Visa by 27.8% during the fourth quarter. Mattson Financial Services LLC now owns 11,113 shares of the credit-card processor’s stock valued at $3,512,000 after purchasing an additional 2,415 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

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.