Visa Inc. (NYSE:V) Insider Sells $13,395,133.50 in Stock

Visa Inc. (NYSE:V) insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Visa Price Performance

Shares of NYSE V opened at $336.51 on Friday. The stock’s 50-day moving average is $340.48 and its two-hundred day moving average is $312.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a market cap of $625.15 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results 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 return on equity of 54.79% and a net margin of 54.27%. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter worth approximately $32,000. Hedge funds and other 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.