Visa Inc. (NYSE:V) Insider Paul D. Fabara Sells 14,813 Shares

Visa Inc. (NYSE:V - Get Free Report) insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at $9,377,671.52. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Visa Stock Up 0.5 %

Visa stock traded up $1.68 on Friday, hitting $352.95. 3,086,497 shares of the stock traded hands, compared to its average volume of 7,183,453. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The business's fifty day simple moving average is $336.96 and its 200 day simple moving average is $326.25. The firm has a market cap of $655.70 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The company's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast 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 will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.

Wall Street Analyst Weigh In

A number of research analysts have commented on V shares. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Oppenheimer restated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average target price of $362.38.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently bought and sold shares of the business. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at $27,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth about $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

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.

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