Insider Selling: Visa Inc. (NYSE:V) Insider Sells $5,259,207.52 in Stock

Visa Inc. (NYSE:V) insider Paul D. Fabara sold 14,813 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Visa Stock Up 0.5%

V stock opened at $352.95 on Monday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $655.70 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96. The company has a 50 day moving average of $336.98 and a two-hundred day moving average of $327.32.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.59 dividend. 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 payout ratio is 23.72%.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. UBS Group decreased their price objective on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Barclays increased their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.38.

Institutional Investors Weigh In On Visa

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverstone Advisors LLC acquired a new position in Visa in the 4th quarter valued at $217,000. Blue Rock Wealth Management LLC bought a new position in Visa in the 4th quarter worth $306,000. Aptus Capital Advisors LLC raised its holdings in Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after acquiring an additional 30,185 shares during the period. Journey Strategic Wealth LLC raised its holdings in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. Finally, King Wealth Management Group raised its holdings in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after acquiring an additional 6,172 shares during the period. 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.