Insider Selling: Visa (NYSE:V) CFO Sells 10,639 Shares of Stock

Visa Inc. (NYSE:V) CFO Chris Suh sold 10,639 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Visa Trading Down 1.7%

Shares of Visa stock traded down $5.65 on Wednesday, hitting $320.77. 7,947,019 shares of the company’s stock traded hands, compared to its average volume of 7,763,676. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $575.39 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The firm’s 50-day moving average price is $311.08 and its two-hundred day moving average price is $326.25.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 earnings per share. On average, research analysts expect that Visa Inc. will post 13.08 EPS for the current fiscal year.

Visa declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 target price on shares of Visa in a research note on Friday, January 30th. Rothschild & Co Redburn set a $385.00 target price on shares of Visa in a report on Wednesday, January 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of Visa in a report on Wednesday, April 29th. TD Cowen restated a “buy” rating on shares of Visa in a report on Friday, January 30th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $387.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Clayton Financial Group LLC grew its stake in Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp boosted its holdings in shares of Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa in the fourth quarter valued at $26,000. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Finally, Dorato Capital Management acquired a new position in Visa during the fourth quarter worth $30,000. Institutional investors own 82.15% of the company’s stock.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Flexible Credential offering in the U.K. with Zilch and Thredd, giving consumers more checkout financing choices through one card and reinforcing Visa’s role in modern payment flows.
• Positive Sentiment: Visa is also being mentioned in broader industry coverage as a beneficiary of digital-payment growth, including contactless payments, BNPL adoption, and rising cross-border transaction activity.
• Neutral Sentiment: Additional mentions of Visa in industry and regional payments reports highlight continued adoption of digital wallets and new payment rails, but these are more background tailwinds than immediate stock-moving catalysts.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.