Insider Selling: Visa Inc. (NYSE:V) CEO Sells 8,620 Shares of Stock

Visa Inc. (NYSE:V - Get Free Report) CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,807.49. This represents a 94.14% decrease in their ownership of the stock. 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 Thursday, May 1st, Ryan Mcinerney sold 8,620 shares of Visa stock. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60.
• On Tuesday, April 1st, Ryan Mcinerney sold 8,620 shares of Visa stock. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80.

Visa Stock Performance

Shares of NYSE:V traded up $2.98 during trading on Friday, reaching $369.75. 1,751,005 shares of the company's stock traded hands, compared to its average volume of 6,990,841. The stock has a market capitalization of $682.24 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $371.00. The company has a 50 day moving average of $344.98 and a 200-day moving average of $335.10. 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 (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 earnings per share. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $359.00 to $425.00 in a research note on Thursday. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. UBS Group raised their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Five equities 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $372.80.

Institutional Investors Weigh In On Visa

A number of hedge funds have recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its holdings in Visa by 1.1% during the first quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock worth $56,452,949,000 after buying an additional 1,677,088 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Capital International Investors boosted its position in shares of Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after purchasing an additional 866,596 shares during the period. Capital World Investors increased its stake in Visa by 1.0% in the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after purchasing an additional 241,057 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Visa by 4.0% during the first quarter. Northern Trust Corp now owns 18,987,013 shares of the credit-card processor's stock valued at $6,654,189,000 after buying an additional 726,299 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

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.