Visa (NYSE:V) CEO Ryan Mcinerney Sells 5,875 Shares of Stock

Visa Inc. (NYSE:V) CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total value of $2,445,292.50. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $6,315,722.28. This trade represents a 27.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $2,108,008.75.
• On Tuesday, September 1st, Ryan Mcinerney sold 5,875 shares of Visa stock. The stock was 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 value of $2,161,236.25.

Visa Price Performance

Shares of V stock opened at $420.27 on Wednesday. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $426.78. The stock’s 50-day moving average is $383.16 and its 200 day moving average is $343.20. The company has a market cap of $749.95 billion, a P/E ratio of 34.09, a PEG ratio of 1.81 and a beta of 0.80. 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 earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 earnings per share. Research analysts predict 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. Stockholders of record on Tuesday, November 10th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio (DPR) is 21.74%.

Analyst Ratings Changes

Several research firms recently commented on V. KeyCorp boosted their price objective on shares of Visa from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Robert W. Baird raised their target price on shares of Visa from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. TD Cowen restated a “buy” rating and issued a $450.00 target price (up from $420.00) on shares of Visa in a research note on Wednesday, October 28th. Mizuho set a $440.00 price target on shares of Visa in a report on Thursday, October 29th. Finally, Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $440.03.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock’s Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Hedge Funds Weigh In On Visa

Hedge funds and other institutional investors have recently modified their holdings of the stock. Beacon Capital Management LLC grew its stake in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after purchasing an additional 25 shares in the last quarter. Argyle Capital Partners LLC increased its holdings in Visa by 0.7% in the third quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock valued at $1,406,000 after buying an additional 27 shares during the last quarter. Verus Financial Partners Inc. raised its stake in Visa by 3.7% in the third quarter. Verus Financial Partners Inc. now owns 752 shares of the credit-card processor’s stock valued at $270,000 after buying an additional 27 shares in the last quarter. Concorde Asset Management LLC raised its stake in Visa by 4.0% in the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock valued at $250,000 after buying an additional 28 shares in the last quarter. Finally, Ellis Investment Partners LLC raised its stake in Visa by 2.1% in the third quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor’s stock valued at $490,000 after buying an additional 28 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

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.