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 the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the transaction, 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 through the SEC website.

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 Price Performance

Shares of NYSE:V traded up $3.67 during trading on Friday, hitting $370.44. 5,007,822 shares of the company were exchanged, compared to its average volume of 7,022,138. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $371.00. The company has a market capitalization of $683.52 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $345.45 and its 200-day moving average is $335.88.

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, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 EPS. Equities analysts forecast 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, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's payout ratio is 23.72%.

Wall Street Analyst Weigh In

V has been the subject of several analyst reports. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Citigroup began coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Evercore ISI started coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Five investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of V. Capital & Planning LLC raised its holdings in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new position in Visa during the 4th quarter worth approximately $424,000. Brighton Jones LLC boosted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Visa in the 4th quarter worth $202,074,000. Finally, Revolve Wealth Partners LLC grew its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Company Profile

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.