Visa Inc. (NYSE:V) Insider Sells $4,363,500.00 in Stock

Visa Inc. (NYSE:V - Get Free Report) insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Visa Price Performance

Shares of V stock traded down $17.65 during trading hours on Friday, reaching $353.75. The company had a trading volume of 9,073,790 shares, compared to its average volume of 7,005,822. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. 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 company has a market capitalization of $652.72 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.33 and a beta of 0.94. The stock has a fifty day moving average of $348.87 and a 200-day moving average of $337.17.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $2.51 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa's dividend payout ratio (DPR) is 23.72%.

Institutional Investors Weigh In On Visa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keystone Global Partners LLC acquired a new position in Visa during the first quarter worth $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the 1st quarter valued at $27,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC lifted 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 acquiring an additional 32 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on V. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Truist Financial began coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target on the stock. Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup started coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Five research 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's stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $372.80.

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.