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

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $2,739,263.60.

Visa Price Performance

Shares of NYSE:V opened at $345.31 on Wednesday. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The stock has a market capitalization of $643.27 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97. The company has a 50-day simple moving average of $318.40 and a 200-day simple moving average of $293.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.79%.

Institutional Trading of Visa

Several hedge funds have recently modified their holdings of V. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter valued at $27,000. Reston Wealth Management LLC acquired a new position in shares of Visa during the third quarter worth about $31,000. Finally, POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the 4th 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. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on V shares. The Goldman Sachs Group increased their target price 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. Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

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.