Insider Selling: Visa (NYSE:V) CEO Sells $2,445,292.50 in Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The stock was sold at an average price of $358.81, for a total transaction of $2,108,008.75.
• On Tuesday, September 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The shares were sold at an average price of $379.65, for a total value of $2,230,443.75.
• On Friday, August 21st, Ryan Mcinerney sold 5,875 shares of Visa stock. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25.

Visa Stock Down 1.2%

Shares of Visa stock traded down $5.24 during trading on Tuesday, reaching $420.27. 5,520,218 shares of the company traded hands, compared to its average volume of 7,491,437. The firm has a market capitalization of $749.95 billion, a PE ratio of 34.09, a P/E/G ratio of 1.88 and a beta of 0.77. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $426.78. The company has a 50 day moving average price of $382.40 and a 200-day moving average price of $342.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the previous year, the firm posted $2.98 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 15.03 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s payout ratio is 21.74%.

Institutional Trading of Visa

A number of institutional investors and hedge funds have recently modified their holdings of the business. John Boyer Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $27,000. Philadelphia Investment Partners LLC acquired a new position in Visa in the 2nd quarter worth about $29,000. Virtus Advisers LLC acquired a new stake in Visa in the second quarter valued at approximately $33,000. Portfolio Resources Advisor Group Inc. acquired a new position in Visa during the third quarter worth $35,000. Finally, DecisionPoint Financial LLC raised its stake in shares of Visa by 307.7% in the 3rd quarter. DecisionPoint Financial LLC now owns 106 shares of the credit-card processor’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa reported fourth-quarter revenue of $12.14 billion and net income of $6.00 billion, while full-year revenue reached $45.90 billion and net income was $23.50 billion. It also raised its quarterly dividend to $0.78 per share, signaling continued earnings growth and cash returns. Read article
• Positive Sentiment: Zacks upgraded Visa to Rank #2 (Buy), citing improving earnings prospects. Cantor Fitzgerald also raised its price target to $500 and maintained an Overweight rating. Read article Read article
• Positive Sentiment: New agreements in Hong Kong and Senegal focus on AI-enabled commerce and expanding digital payments, potentially supporting Visa’s longer-term growth and reach. Read article
• Neutral Sentiment: Visa recently broke to a 52-week high, following a prior rally. That momentum is supportive, though the move may leave shares susceptible to profit-taking or consolidation. Read article
• Negative Sentiment: Industry commentary flags rising technology costs and inflation as pressures on payment companies, while a recent market headline raised questions about Visa’s payments mix. These concerns could temper sentiment despite the positive company news. Read article Read article

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Weiss Ratings cut Visa from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, October 28th. UBS Group reissued a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Barclays increased their price target on shares of Visa from $420.00 to $440.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company raised their price objective on shares of Visa from $432.00 to $463.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $440.03.

Visa Company Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.