Visa (NYSE:V) CEO Ryan Mcinerney Sells 5,875 Shares

Key Points

• Visa CEO Ryan McInerney sold 5,875 shares at an average price of $367.87, generating $2.16 million. The Rule 10b5-1 transaction reduced his ownership by 27.91% to 15,174 shares.
• Visa shares recently traded near their 52-week high at $382.35, while the company reported quarterly EPS of $3.32 and revenue of $11.63 billion, exceeding analyst expectations. Revenue increased 14.4% year over year, with a 50.78% net margin.
• Analysts maintain a broadly positive outlook, with an average “Buy” rating and a $413.58 price target. Visa also authorized a $20 billion share-repurchase program and declared a quarterly dividend of $0.67 per share.

Visa Inc. (NYSE:V - Get Free Report) CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,582,059.38. This trade represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Ryan Mcinerney sold 10,490 shares of Visa stock. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10.
• On Monday, June 29th, Ryan Mcinerney sold 20,970 shares of Visa stock. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50.

Visa Stock Performance

Shares of Visa stock traded up $11.31 on Monday, reaching $382.35. The stock had a trading volume of 8,476,553 shares, compared to its average volume of 7,907,150. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The business's 50-day moving average price is $353.73 and its two-hundred day moving average price is $329.61. The stock has a market cap of $682.28 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.99 and a beta of 0.74. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $383.43.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $2.98 EPS. On average, sell-side analysts forecast that Visa Inc. will post 13.16 EPS for the current year.

Visa announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is presently 22.79%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Visa from $412.00 to $420.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Oppenheimer restated an "outperform" rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Susquehanna restated a "positive" rating and set a $427.00 price objective (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $412.00 price objective (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $430.00 target price on shares of Visa in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company's stock. According to data from MarketBeat, Visa presently has an average rating of "Buy" and an average price target of $413.58.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Resilient consumer spending supports transaction growth. Visa and Mastercard reached fresh records after data indicated that aggregate U.S. spending remains healthy, despite consumers becoming more selective and some retailers warning of softer demand. This suggests Visa’s payment volumes and cross-border activity may remain strong. Visa and Mastercard stocks hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Stablecoin activity provides a new growth opportunity. Visa’s stablecoin settlement pilot reportedly reached a $7 billion annualized run rate and expanded across nine blockchains. Investors may view the initiative as evidence that Visa can benefit from emerging digital-payment rails while preserving its role as payment infrastructure. Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails
• Positive Sentiment: Visa’s network economics remain attractive. The company’s action placing Hims & Hers Health in a monitoring program over elevated billing disputes highlights Visa’s ability to collect processing fees and penalties without bearing the underlying customer-acquisition risk. The development reinforces the strength of Visa’s asset-light model and roughly 51% net margin. Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
• Positive Sentiment: Reported purchases by President Donald Trump’s investment accounts added a sentiment boost. The disclosure that the accounts bought millions of dollars of Visa shares may have attracted additional attention from investors, although it does not change Visa’s fundamentals. Visa Stock Climbs After Trump Buys Millions in Stock
• Neutral Sentiment: CEO Ryan McInerney is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, payments innovation and stablecoins, but no new financial guidance was announced. Visa to Participate in Upcoming Investor Conference

Institutional Investors Weigh In On Visa

Institutional investors and hedge funds have recently bought and sold shares of the business. XXEC Inc. raised its holdings in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after buying an additional 186,138,883 shares in the last quarter. Vanguard Group Inc. boosted its position in Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock valued at $56,455,834,000 after buying an additional 1,054,343 shares in the last quarter. State Street Corp boosted its position in Visa by 0.8% in the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor's stock valued at $29,038,140,000 after buying an additional 626,821 shares in the last quarter. Geode Capital Management LLC grew its stake in Visa by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor's stock worth $15,411,395,000 after buying an additional 388,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Visa by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor's stock worth $14,411,480,000 after buying an additional 716,218 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source