Visa Inc. (NYSE:V) CEO Ryan Mcinerney Sells 8,620 Shares

Visa Inc. (NYSE:V - Get Free Report) CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 3rd, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $340.00, for a total value 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 value of $2,739,263.60.

Visa Stock Performance

NYSE V traded up $1.63 on Friday, reaching $345.79. The stock had a trading volume of 6,358,427 shares, compared to its average volume of 6,301,857. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The business's 50-day moving average price is $336.18 and its 200 day moving average price is $308.35. The stock has a market cap of $642.41 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Institutional Investors Weigh In On Visa

Large investors have recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth $26,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the fourth 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 during the period. Finally, Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on V shares. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Susquehanna lifted their target price on Visa from $395.00 to $410.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $353.96.

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.