Visa (NYSE:V) Shares Down 6.5% Following Insider Selling

Visa Inc. (NYSE:V - Get Free Report)'s stock price traded down 6.5% during trading on Friday after an insider sold shares in the company. The stock traded as low as $348.00 and last traded at $347.13. 4,310,322 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 6,988,399 shares. The stock had previously closed at $371.40.

Specifically, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. The Goldman Sachs Group initiated coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Five research 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $372.80.

Visa Trading Down 5.0%

The company has a market cap of $650.87 billion, a PE ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. The stock's 50 day moving average is $348.87 and its 200-day moving average is $337.17. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company 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%. Visa's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Institutional Investors Weigh In On Visa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in shares of Visa in the first quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter worth about $27,000. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter worth about $27,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $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 in the fourth quarter worth about $32,000. Hedge funds and other institutional investors 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.